Company: PATH
Filing Date: 2025-05-13
Form Type: DEF 14A
Source: 0001734722-25-000021
Chunk: 18

Company: UiPath, Inc.
Filing Date: 2025-05-13
Form: DEF 14A
Chunk 18
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 director. Based on information provided by each director concerning their background, employment, and affiliations, our board of directors has determined that Messrs. Botteri, Gordon, Somasegar, Springer, and Wong and Mses . Sturdy, T errell, and Yang are independent for purposes of applicable NYSE standards, including with respect to committee service. In making these determinations, our board of directors considered any relevant identified current and prior relationships that each non-employee director has with the Company and all other facts and circumstances our board of directors deemed relevant in determining their independence.

#### Board Leadership Structure
Mr. Dines, our sole Chief Executive Officer since June 1, 2024, serves as Chairman of our board of directors, a role he has held since the Company's founding. Mr. Enslin previously served as our sole Chief Executive Officer between February 1, 2024 and June 1, 2024, and prior to that, served alongside Mr. Dines as Co-Chief Executive Officer since May 2022. In addition to his role as Chairman, Mr. Dines also assumed the newly-created role of Chief Innovation Officer from February 1, 2024 until he re-assumed the role of sole Chief Executive Officer in June 2024 (a role he had held prior to May 2022 since the Company's founding), at which time we returned to a combined Chief Executive Officer and Chairman structure. We believe that returning to a combined structure best serves the current needs of UiPath and its stockholders and provides a single, clear chain of command to execute our strategic initiatives and business plans. In addition, we believe that a combined Chief Executive Officer and board chair role helps facilitate the regular flow of information between the board and management and ensures the board and management act with a common purpose. We also believe that it is advantageous to have a chair of our board of directors who has an extensive history with and knowledge of our company (as is the case with Mr. Dines) as compared to a relatively less informed independent chair. The board expects to continue to evaluate its leadership structure on an ongoing basis and may make leadership changes as appropriate for the Company's future needs.

Our Corporate Governance Guidelines provide that one of our independent directors may serve as the lead independent director at any time that Mr. Dines, or anyone else who is not an independent director, is serving as the chairman of the board of directors. Since our initial public offering, Richard P. Wong has served as our lead independent