ADDING MULTIMEDIA Asana Appoints Seasoned Finance Executive, Sonalee Parekh, as New Chief Financial Officer
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) has announced the appointment of Sonalee Parekh as its new Chief Financial Officer, effective September 11, 2024. Parekh, with over 25 years of experience in technology and banking, will succeed Tim Wan, who has served since 2017. Parekh's background includes executive roles at RingCentral and Hewlett Packard Enterprise.
At Asana, Parekh will oversee the global finance organization and support the company's growth and innovation. CEO Dustin Moskovitz highlighted Parekh's experience in driving growth and profitability at scale, particularly in the context of AI's potential to reshape the work management category and software industry.
During her tenure at RingCentral, Parekh guided the company to double its operating profit while maintaining double-digit revenue growth and exceeding $2 billion in annual recurring revenue. At HPE, she led the transition to an as-a-service business model and key acquisitions in high-growth areas.
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) ha annunciato la nomina di Sonalee Parekh come nuovo Chief Financial Officer, con decorrenza dall'11 settembre 2024. Parekh, con oltre 25 anni di esperienza nel settore tecnologico e bancario, succederà a Tim Wan, in carica dal 2017. Il background di Parekh include ruoli dirigenziali presso RingCentral e Hewlett Packard Enterprise.
Presso Asana, Parekh supervisionerà l'organizzazione finanziaria globale e supporterà la crescita e l'innovazione dell'azienda. Il CEO Dustin Moskovitz ha sottolineato l'esperienza di Parekh nel guidare la crescita e la redditività su larga scala, in particolare nel contesto del potenziale dell'AI di trasformare la categoria della gestione del lavoro e il settore software.
Durante la sua permanenza in RingCentral, Parekh ha guidato l'azienda a raddoppiare il profitto operativo mantenendo una crescita del fatturato a doppia cifra e superando i 2 miliardi di dollari di fatturato annuo ricorrente. Presso HPE, ha guidato la transizione verso un modello di business as-a-service e ha effettuato acquisizioni chiave in aree ad alta crescita.
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) ha anunciado el nombramiento de Sonalee Parekh como su nueva Directora Financiera, con efecto a partir del 11 de septiembre de 2024. Parekh, con más de 25 años de experiencia en tecnología y banca, sucederá a Tim Wan, que ha estado en el cargo desde 2017. La trayectoria de Parekh incluye roles ejecutivos en RingCentral y Hewlett Packard Enterprise.
En Asana, Parekh supervisará la organización financiera global y apoyará el crecimiento y la innovación de la empresa. El CEO Dustin Moskovitz destacó la experiencia de Parekh en impulsar el crecimiento y la rentabilidad a gran escala, especialmente en el contexto del potencial de la inteligencia artificial para transformar la categoría de gestión del trabajo y la industria del software.
Durante su tiempo en RingCentral, Parekh guió a la empresa a duplicar su beneficio operativo mientras mantenía un crecimiento de ingresos de dos dígitos y superaba los 2 mil millones de dólares en ingresos anuales recurrentes. En HPE, lideró la transición hacia un modelo de negocio como servicio y adquisiciones clave en áreas de alto crecimiento.
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN)는 Sonalee Parekh를 새로운 최고 재무 책임자로 임명했다고 발표했으며, 이는 2024년 9월 11일부터 효력이 발생합니다. Parekh는 기술 및 은행업계에서 25년 이상의 경력이 있으며, 2017년부터 재직 중인 Tim Wan을 이어받습니다. Parekh의 배경에는 RingCentral 및 Hewlett Packard Enterprise에서의 경영직 경험이 포함되어 있습니다.
Asana에서 Parekh는 글로벌 재무 조직을 감독하고 회사의 성장과 혁신을 지원합니다. CEO Dustin Moskovitz는 Parekh가 성장과 수익성을 규모에 맞게 이끌어온 경험을 강조했으며, 특히 AI가 작업 관리 범주와 소프트웨어 산업을 재편할 수 있는 잠재력에 대해 언급했습니다.
RingCentral에서 근무하는 동안 Parekh는 회사가 운영 이익을 두 배로 늘리는 데 기여했으며, 두 자릿수의 수익 성장과 연간 반복 수익이 20억 달러를 넘는 성과를 달성했습니다. HPE에서는 서비스로서의 비즈니스 모델로의 전환과 고성장 분야에서의 주요 인수에 대한 리더십을 발휘했습니다.
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) a annoncé la nomination de Sonalee Parekh en tant que nouvelle Directrice Financière, à compter du 11 septembre 2024. Parekh, qui possède plus de 25 ans d'expérience dans le secteur technologique et bancaire, succédera à Tim Wan, en poste depuis 2017. Le parcours de Parekh comprend des fonctions exécutives chez RingCentral et Hewlett Packard Enterprise.
Chez Asana, Parekh supervisera l'organisation financière mondiale et soutiendra la croissance et l'innovation de l'entreprise. Le PDG Dustin Moskovitz a souligné l'expérience de Parekh dans la promotion de la croissance et de la rentabilité à grande échelle, en particulier dans le contexte du potentiel de l'IA à redéfinir la catégorie de gestion du travail et l'industrie du logiciel.
Au cours de son mandat chez RingCentral, Parekh a conduit l'entreprise à doubler son bénéfice d'exploitation tout en maintenant une croissance du chiffre d'affaires à deux chiffres et en dépassant les 2 milliards de dollars de revenus récurrents annuels. Chez HPE, elle a mené la transition vers un modèle commercial de type service et a réalisé des acquisitions clés dans des domaines à forte croissance.
Asana, Inc. (NYSE: ASAN)(LTSE: ASAN) hat die Ernennung von Sonalee Parekh zur neuen Finanzvorstand bekannt gegeben, die ab dem 11. September 2024 wirksam wird. Parekh bringt über 25 Jahre Erfahrung in der Technologie- und Bankenbranche mit und wird Tim Wan nachfolgen, der seit 2017 im Amt ist. Parekhs Hintergrund umfasst Führungspositionen bei RingCentral und Hewlett Packard Enterprise.
Bei Asana wird Parekh die globale Finanzorganisation leiten und das Wachstum und die Innovation des Unternehmens unterstützen. CEO Dustin Moskovitz hob Parekhs Erfahrung bei der Steigerung von Wachstum und Rentabilität im großen Maßstab hervor, insbesondere im Hinblick auf das Potenzial von KI, die Kategorie der Arbeitsverwaltung und die Softwareindustrie umzuwandeln.
Während ihrer Zeit bei RingCentral leitete Parekh das Unternehmen dazu, den operativen Gewinn zu verdoppeln, während der Umsatz zweistellig wuchs und über 2 Milliarden Dollar an wiederkehrenden jährlichen Einnahmen überschritt. Bei HPE führte sie den Übergang zu einem Service-ähnlichen Geschäftsmodell und zu wichtigen Übernahmen in wachstumsstarken Bereichen an.
- Appointment of experienced CFO Sonalee Parekh with 25+ years in technology and banking
- Parekh's track record of driving growth and profitability at scale
- Parekh's experience in guiding companies through critical inflection points and AI-driven transformations
- Potential for leveraging AI in work management to drive productivity and efficiency
- Departure of long-serving CFO Tim Wan, potentially impacting continuity
Sonalee Parekh, Chief Financial Officer at Asana (Photo: Business Wire)
Parekh brings more than 25 years of experience in the technology and banking sectors to Asana, having previously held executive finance roles at leading public companies including Chief Financial Officer (CFO) at RingCentral and Divisional CFO, Head of Corporate Development and Investor Relations at Hewlett Packard Enterprise (HPE). At Asana, Parekh will oversee the global finance organization and play a strategic role in supporting the company's next phase of growth and innovation.
Dustin Moskovitz, Asana’s co-founder and CEO, welcomed Parekh to the leadership team: “Sonalee’s public company experience and market perspective, coupled with her proven track record of driving growth and profitability at scale, makes her the ideal person to partner with me and the leadership team as we execute on the large opportunity ahead of us. She’s had a front-row seat to some of the most transformative technology trends and we’re in the midst of another pivotal moment. AI has the enormous potential to reshape not only the work management category, but the entire software industry. Sonalee’s experience overseeing and fostering efficient growth during critical inflection points will be invaluable to Asana.”
As CFO at RingCentral, Parekh guided the company through a period of rapid growth, overseeing a doubling of operating profit while maintaining double-digit revenue growth and exceeding
At HPE, Parekh played a critical role in the company's transition to an as-a-service business model and led key acquisitions in high growth areas. Parekh has also previously held senior leadership roles at several global investment banks, including Goldman Sachs, Jeffries and Barclays Capital.
"Asana is uniquely positioned to capitalize on the opportunity to leverage AI in the work management category to drive productivity and efficiency benefits for workers across the globe," said Parekh. "I’m excited to partner with Dustin and Asana’s seasoned management team in driving Asana's next phase of growth."
Parekh will be supported by exiting Asana CFO, Tim Wan, for a transition period. Moskovitz continued: “We’ve been incredibly lucky to have the skills and experience of Tim with us for so long. Under his leadership, the company has grown to more than
Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about our market opportunity, the potential and impact of AI, our ability to execute on our current strategies, our technology and brand position. Forward-looking statements generally relate to future events or Asana’s future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “may,” “will,” “goal,” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana’s control, that may cause Asana’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: Asana’s ability to achieve future growth and sustain its growth rate, Asana’s ability to attract and retain customers and increase sales to its customers, Asana’s ability to develop and release new products and services and to scale its platform, including the successful integration of AI, Asana’s ability to increase adoption of its platform through Asana’s self-service model, Asana’s ability to maintain and grow its relationships with strategic partners, the highly competitive and rapidly evolving market in which Asana participates, Asana’s international expansion strategies, and broader macroeconomic conditions. Further information on risks that could cause actual results to differ materially from forecasted results are included in Asana’s filings with the SEC, including Asana’s Annual Report on Form 10-K for the year ended January 31, 2024 and subsequent filings with the SEC. Any forward-looking statements contained in this press release are based on assumptions that Asana believes to be reasonable as of this date. Except as required by law, Asana assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
About Asana
Asana, the #1 AI work management platform, is where work connects to goals. Over 150,000 customers like Amazon, Accenture, and Suzuki rely on Asana to manage and automate everything from goal setting and tracking to capacity planning to product launches. To learn more, visit asana.com.
Disclosure of Material Information
Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of Asana’s website at https://investors.asana.com. Asana uses these channels, as well as social media, including its X (formerly Twitter) account (@asana), its blog (blog.asana.com), its LinkedIn page (www.linkedin.com/company/asana), its Instagram account (@asana), its Facebook page (www.facebook.com/asana/), Threads profiles (@asana and @moskov), and TikTok account (@asana), to communicate with investors and the public about Asana, its products and services and other matters. Therefore, Asana encourages investors, the media and others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240903816525/en/
Catherine Buan
Asana Investor Relations
ir@asana.com
Frances Ward
Asana Corporate Communications
press@asana.com
Source: Asana, Inc.
FAQ
Who is Asana's new Chief Financial Officer?
What is Sonalee Parekh's background before joining Asana (ASAN)?
When will Sonalee Parekh start as Asana's CFO?
Who is Sonalee Parekh replacing as Asana's CFO?
