Zenefits names Jay Fulcher as new CEO

The former Ooyala and Agile Software executive will try to help Zenefits navigate a corporate turnaround.

Zenefits is once again making changes to its executive ranks. The human resource software provider named Jay Fulcher as its new chief executive, replacing outgoing CEO David Sacks.

Sacks took on the CEO role last February in a moment of crisis management after founder Parker Conrad was booted from the company following a series of shady licensing accusations.

In an email to employees, Sacks said the appointment of Fulcher was "the last step in a planned transition that began one year ago this week, when the Board asked me to step in and steward the company through a difficult situation...."

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