India, May 2 -- In a major internal rejig, Freshworks' chief executive officer Girish Mathrubootham has stepped down from his role, while the Nasdaq-listed SaaS giant's president Dennis Woodside has been named as his successor effective May 1.

Mathrubootham will be redesignated as executive chairman.

"I have decided to step down as CEO of Freshworks and transition into the role of executive chairman. This decision was not made lightly and comes with a deep belief in our collective vision and the future of our company," Mathrubootham said.

He added, "When I recruited Dennis to Freshworks, my hope was that he would eventually succeed me and that we would work together to make a thoughtful and smooth transition."

Mathrubootham will now a...