Asana has announced that its CEO and Cofounder, Duskin Moskovitz, is retiring from his current position and will transition to the role of Chair once a new CEO is appointed.
Asana states that Moskovitz will remain CEO until a successor is in place and plans to retain his shareholdings. The company adds that it has hired an executive search business to begin the search for the work management business's next chief exec.
"As I reflect on my journey since co-founding Asana nearly 17 years ago, I'm filled with immense gratitude," Moskovitz said.
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 percent of Fortune 500 companies today."
Moskovitz co-founded Facebook (now Meta) in February 2004, serving as its first CTO and VP of Engineering until November 2008. He then co-founded Asana with Justin Rosenstein and has been CEO since October 2010.
Under his leadership, Asana’s enterprise work management solution has grown to serve over 150,000 customers and millions of users across nearly 200 countries, generating over $700 million in annual revenue. The company has also expanded its global presence, with teams across 13 offices worldwide.
Moskovitz suggests that one of his motivations for transitioning to the position of Chair is to help shape the company's AI ambitions. Asana is building its long-term strategy significantly around AI's potential to revolutionise work management. It has recently released solutions such as AI Teammates and AI Studio to integrate AI-powered features across its platform to bolster productivity and collaboration.
