Udemy, a leading online skills marketplace and learning platform, has announced the appointment of Hugo Sarrazin as the new President and Chief Executive Officer, effective immediately. Sarrazin brings with him decades of experience in scaling SaaS businesses and leveraging AI to drive growth and transformation. His appointment comes as the company reaffirms its financial outlook provided on February 13, 2025.
Greg Brown, the outgoing CEO, has played a significant role in Udemy's growth, having scaled the business from $100 million to more than $500 million in annual recurring revenue. Udemy now boasts a strong enterprise business with over 17,000 customers.
Sarrazin's expertise in strategy, innovation, and business transformation positions him to lead Udemy through its next phase of growth. His track record includes leading international product and technology teams at UKG, a leading global HCM cloud company, where he accelerated innovation through cloud migration, strategic M&A, and AI-driven solutions. His leadership earned recognition from Fortune and Fast Company as a top innovator in human resources technology.
Sarrazin's vision for Udemy is centered around leveraging the power of generative AI and the scale of the global network of instructors to redefine the future of learning and work. His goal is to elevate Udemy's mission to unprecedented levels and lead the next generation of learning and skills development.
Sarrazin's appointment comes at a pivotal moment for Udemy, which has seen significant growth and impact under Brown's leadership. With his deep experience in scaling and transforming SaaS businesses, Sarrazin is well-positioned to drive growth, improve efficiency, and deliver exciting AI-enabled innovations to instructors, learners, and businesses.
As Udemy enters this new phase, the company is looking to continue its mission of transforming lives through learning by ensuring everyone has access to the latest and most relevant skills. Through its platform, millions of learners gain expertise in a wide range of technical and professional skills, and Udemy Business empowers enterprises to offer on-demand learning for all employees, immersive learning for tech teams, and cohort learning for leaders. Udemy Business customers include well-known organizations such as Fender®, Glassdoor, On24, the World Bank, and Volkswagen.
Sarrazin's appointment marks a significant milestone for Udemy, and his expertise is expected to further propel the company's growth and impact in the online learning and skills development space. As a result of these announcements, the company's shares have moved -14.0% on the market, and are now trading at a price of $7.88. For more information, read the company's full 8-K submission here.
