Zenefits looking for new CEO in less than a year of David Sacks taking over

In less than a year from David Sacks taking over, $2 billion HR software maker, Zenefits is looking for a new CEO – to possibly replace Sacks.

According to a report, Sacks could take on another role – like senior executive chairman – if he does step down. Currently he is in the process of determining “what senior talent the company needs to get to the next level.”




Sacks had stepped in as CEO in February, when Zenefits Founder and Ex-CEO, Parker Conrad was found to be responsible for developing illegal training software. The company was going through several legal issues but had settled down a little after launching a new version of its product ‘Z2’ in October.

Without directly confirming or denying Sacks’ stepping down, the company had shared a statement admitting to its search for changes in the upper ranks:

“David Sacks is still the CEO of Zenefits and remains very committed to the company. The Board has total faith in him and appreciates the turn-around that he has executed. As you know, this is not a role that David sought, but he accepted it without any compensation at the request of the Board to get the company past a crisis. Now that the crisis is over, David is leading a process to determine what senior talent the company needs to get to the next level. David has always put the company first, and if there’s any change in his role, you will hear that directly from him.”