Asana co-founder and CEO Dustin Moskovitz has announced his retirement after nearly 17 years with the company, sparking a search for his replacement.
Moskovitz surprised the industry with his announcement, which he made during the company’s fourth-quarter earnings report, saying he wants to focus more time on philanthropy.
“As I reflect on my journey since co-founding Asana nearly 17 years ago, I’m filled with immense gratitude. Creating and leading Asana has been more than just building a company—it’s been a profound privilege to work alongside some of the most talented minds in the industry to build a platform that is trusted by over 85% of Fortune 500 companies today,” said Moskovitz. “Asana has grown into a multi-product company at the forefront of AI innovation that is transforming how work gets done. I know that Asana is positioned for long-term success and am confident that an experienced leader well-matched to the company’s stage and potential will build on Asana’s strong track record of innovation, including the recent launch of AI Studio, which I believe will usher in a new era of growth and profitability.”
Moskovits indicated he will continue in his role as Chairman of the Board, using the position to contribute to the company’s vision and future strategy.
“The Board is engaged in a thorough process to identify the right successor to lead Asana’s next phase of growth,” Moskovitz added. “I will provide my full assistance to the Board and my successor when the time comes. In my role as Chair, I’ll focus on what I do best—contributing to product vision, strategic guidance, and helping navigate the AI landscape that’s reshaping our industry. I’m looking forward to this more focused contribution while stepping away from the day-to-day operational demands that a CEO must prioritize. I also feel called to dedicate more of my energy to addressing global challenges through Good Ventures and Open Philanthropy. I have great pride in what we are creating together and am confident with these planned changes announced today, Asana’s best days are ahead.”
Moskovitz owns roughly 53% of Asana and will likely retain his majority ownership, especially since he has been increasing his stake in the company in recent years.
“On behalf of the entire Board, I want to thank Dustin for his visionary leadership and stewardship of Asana since he founded the company in 2008 with an enduring long-term vision. Under Dustin’s leadership, Asana’s AI-powered work management solutions have achieved tremendous growth and scale. He has always led the company with clarity and purpose, developing an award-winning culture and serving as a mentor to many,” said Lorrie Norrington, Asana’s Lead Independent Director. “Consistent with our succession plans, the Board is working with a leading firm on a comprehensive search to identify a long-term leader with the skills and expertise to accelerate Asana’s growth and path to profitability. As Chair and majority shareholder moving forward, Dustin’s evolved role and oversight will be instrumental in ushering in an exciting new chapter for Asana centered around innovation in AI.”
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