Asana, Inc., a leading work management platform, has announced the appointment of Sonalee Parekh as Chief Financial Officer, effective September 11, 2024. Parekh succeeds Tim Wan, who has served as CFO since 2017 and will remain in an advisory role during the transition. With over 25 years of experience in the technology and banking sectors, Parekh is set to oversee Asana’s global finance operations and contribute strategically to the company’s next phase of growth and innovation.
- Sonalee Parekh’s Background:
- Parekh has extensive experience in technology and finance, previously serving as CFO at RingCentral.
- She held senior roles at Hewlett Packard Enterprise (HPE), including Divisional CFO, Head of Corporate Development, and Investor Relations.
- Parekh’s career includes leadership positions at Goldman Sachs, Jefferies, and Barclays Capital.
- Key Achievements:
- At RingCentral, Parekh doubled operating profit while maintaining double-digit revenue growth, surpassing $2 billion in ARR.
- Played a critical role in HPE’s transition to an as-a-service business model and led strategic acquisitions.
- Role at Asana:
- As CFO, Parekh will oversee the global finance organization and support Asana’s growth strategy.
- Her experience will be vital as Asana capitalizes on AI to reshape the work management category and the broader software industry.
- Transition and Leadership Continuity:
- Tim Wan, outgoing CFO, has been instrumental in Asana’s growth, increasing revenue to over $689 million and expanding the team from under 300 to nearly 2000 employees.
- Wan will assist Parekh during the transition to ensure a smooth handover of responsibilities.
- Statements from Leadership:
- Dustin Moskovitz, CEO: Praises Parekh’s experience in driving growth and profitability, highlighting the strategic importance of her role as Asana navigates a pivotal moment in the tech industry.
- Sonalee Parekh: Expresses enthusiasm about partnering with Asana’s leadership to drive growth, especially in leveraging AI for productivity and efficiency gains.
Sonalee Parekh’s appointment as CFO marks a significant milestone for Asana as the company continues to innovate and expand. Her extensive experience in finance and technology, coupled with her proven ability to drive growth, positions her as a key figure in Asana’s ongoing success.
