Asana CEO and Facebook co-founder Dustin Moskovitz.
Patricia de Melo Moreira | AFP | Getty pictures
Dustin Moscovitz, the CEO of Asana and one of the original founders of FacebookWithdraws from the software company that he started in 2008.
Asana announced Moskovitz's upcoming departure on Monday as part of the company's annual report in the fourth quarter and has retained a search company for managers to choose a new CEO. Moscovitz informed his board of directors “about his intention to transferred the role of the chairman when a new CEO begins,” said the company on Monday.
“When I think about my trip almost 17 years ago, since I had Asana with the co -founder of Asana, I'm full of gratitude,” said Moscovitz in a explanation. “The creation and leadership of Asana was more than just building up a company – it was a deep privilege to work with some of the most talented minds in the industry.”
According to Asana, sales increased by 10% in the fourth quarter of the previous year to $ 188.3 million, which corresponded to the estimates of the analysts. The company said that its adjusted result per share was a Breakeven before the analysts of the analysts of one cent per share.
Asana expects sales to expect from $ 184.5 million to $ 186.5 million in the first quarter in the first quarter, which leaves the analysts' expectations of $ 191 million.
Asana's share price was retired by more than 25% on Monday.
Moscovitz has around 53% of the outstanding shares of the company between its Holdings class A and class B. He has significantly increased its property since the company's public market debut in 2020.
In 2023, Moscovitz told CNBC after a decline in the entire Tech sector: “There were two years on the market and there were some interesting buying opportunities.”
According to Forbes, he has a total networks of more than 16 billion US dollars, mainly because of his early Facebook share.
In his explanation of the retirement of Monday, Moscovitz said that he wants to concentrate more on his philanthropic efforts, such as good undertakings and open philanthropy, quoting the “potential risks of Advanced Ai” among his various focus areas. In 2010, Moscovitz signed the Giving Pledge, a promise of some of the richest people in the world to donate most of their assets to charitable purposes.
Good Ventures, which was co-founded by Moscovitz and his wife Cari Thunfisch, donated $ 30 million for Chatgpt Maker Openaai over a period of three years in 2017.
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