UiPath Inc. PATH, -0.73% announced Monday that cofounder and co-Chief executive officer Daniel Dines would resign his co-CEO post, effective January 31, 2024. Rob Enslin, a fellow co-CEO of the company, will now be the sole CEO. Dines will assume a newly created role of Chief Innovation Officer has he leads the company’s artificial-intelligence (AI) initiatives, and will continue as UiPath’s executive chairman of the board. Dines wrote in a blog that he would “drive the UiPath Innovation Agenda to transform enterprise automation through the use of the next-generation AI technologies to provide practical solutions for our clients.” The stock has risen 29.7% in the past year, while S&P 500 SPX, +0.06% is up 14.6%.