Cornerstone Names Chirag Shah Chief Financial Officer

Rhea-AI Summary

Cornerstone OnDemand (NASDAQ: CSOD) has appointed Chirag Shah as Chief Financial Officer (CFO) effective February 1, 2021. Shah brings over 10 years of experience at Cornerstone, where he previously led corporate strategic planning, budgeting, and expansion initiatives in the Asia-Pacific region. He has played a key role in the company's IPO and corporate acquisitions. Interim CFO Trish Coughlin will transition responsibilities to Shah while continuing as Chief Accounting Officer. The company plans to discuss Shah's appointment during its earnings call on February 16, 2021.

Positive

• Chirag Shah's appointment as CFO showcases internal growth, enhancing management continuity.
• Shah's extensive experience includes significant roles in corporate development and strategic planning, beneficial for future growth.

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• None.

Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced the appointment of Chirag Shah as Chief Financial Officer (CFO) effective Feb. 1, 2021. Interim CFO Trish Coughlin will continue in her role as Chief Accounting Officer and will support a seamless transfer of responsibilities to Shah.

Chirag Shah, Chief Financial Officer, Cornerstone (Photo: Business Wire)

Shah is a seasoned finance expert with over 10 years of experience at Cornerstone during which he has served in a number of capacities, including overseeing the company’s corporate strategic planning and budgeting, investor relations, global pricing and corporate development functions. Since joining Cornerstone in 2009, he has helped lead the company through its IPO in 2011, and supported four corporate acquisitions. Shah currently serves as Senior Vice President and General Manager of Growth Markets, where he has led the company’s expansion within the Asia-Pacific & Japan (APJ) region, the growth of the company’s Content business and Cornerstone’s small and medium-sized business (SMB) team. Prior to Cornerstone, Shah was an investment banker focused on mergers and acquisitions. He holds an M.B.A. from the Kellogg School of Management at Northwestern University, and a B.S. in Finance from Georgetown University.

“I would first like to thank Trish for her excellent leadership as interim CFO and her business partnership with me personally, particularly during the past few months of the pandemic,” said Phil Saunders, CEO, Cornerstone. “We conducted a thorough nationwide search for a new CFO, and Chirag stood out among a strong pool of internal and external candidates. His proven financial leadership and track record of profitable business growth as an operator, combined with his depth of market understanding and experience at Cornerstone, is the right combination to continue growing our business and driving shareholder confidence.”

“I am delighted to step into this role at Cornerstone at this time,” said Shah. “I look forward to continuing to work with Phil and the entire Cornerstone team in this new capacity as we drive toward operational excellence and the continued enhancement of shareholder value.”

Cornerstone will share more about this appointment during its next earnings call scheduled for Feb. 16, 2021.

To learn more about Cornerstone’s Executive Leadership Team, visit: https://www.cornerstoneondemand.com/company/executives/

About Cornerstone

Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organizations the technology, content, expertise and specialized focus to help them realize the potential of their people. Featuring comprehensive recruiting, personalized learning, modern training content, development-driven performance management and holistic employee data management and insights, Cornerstone’s people development solutions are used by more than 6,000 customers of all sizes, spanning more than 75 million users across over 180 countries and nearly 50 languages. Learn more at https://www.cornerstoneondemand.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210114005285/en/

FAQ

Who is the new CFO of Cornerstone OnDemand?

Chirag Shah has been appointed as the new Chief Financial Officer of Cornerstone OnDemand, effective February 1, 2021.

What experience does Chirag Shah have at Cornerstone OnDemand?

Chirag Shah has over 10 years of experience at Cornerstone, covering roles in corporate strategic planning, budgeting, and expanding into growth markets.

When will Cornerstone OnDemand discuss the new CFO appointment?

Cornerstone OnDemand will address Chirag Shah's appointment during its earnings call scheduled for February 16, 2021.