Dive Brief:
- Enterprise software provider Asana will promote Aziz Megji, one of its senior finance executives, to the role of CFO, effective March 24, the company said Monday.
- Megji, head of financial planning and analysis at Asana, will succeed Sonalee Parekh, who is stepping down after less than two years in the CFO seat, according to a press release and securities filing.
- “Aziz is the right leader to serve as our next CFO, and I’m confident he will help drive our next chapter of growth in the agentic enterprise,” Asana CEO Dan Rogers said in the release.
Dive Insight:
San Francisco-based Asana provides a work management platform that leverages artificial intelligence agents.
Megji, 44, stepped into his current role when he joined the company in December 2024, according to his LinkedIn page. Prior to that, he held senior finance leadership roles at RingCentral, NVIDIA and Hewlett Packard Enterprise.
In his new role, Megji will receive an annual base salary of $600,000 and will be eligible to earn an initial annual target bonus equal to 35% of that amount, according to the filing with the Securities and Exchange Commission.
Parekh tendered her resignation to the board of directors on Feb. 26 and is expected to remain in her role as CFO through the separation date of March 23, Asana said. The company didn’t immediately respond to a request for comment on the abrupt departure.
“There were no disagreements between Ms. Sonalee Parekh and the Company, and her departure is not related to the operations, policies, or practices of the Company or any issues regarding accounting policies or practices,” the company said in the filing.
The CFO transition comes as technology companies and their leaders face pressure to push ahead with AI adoption while proving those investments can deliver profitability and measurable returns.
Asana has made AI a central part of its strategy, with products like AI Studio and AI Teammates designed to improve workflow efficiency and collaboration.
The company posted total revenues of $205.6 million during the fourth quarter of its fiscal 2026, up 9% year over year, according to results released Monday. GAAP net loss was $32.2 million, compared to GAAP net loss of $62.3 million in the fourth quarter of fiscal 2025.
“We think we can continue making investments in AI in a disciplined way, and we are confident we can continue expanding margins sequentially and in many years to come,” Parekh said during a Monday earnings call.
AI Studio achieved $6 million in annual recurring revenue during the quarter, and the company’s AI products will account for 15% new ARR in FY 2027, the finance chief said.
However, the company anticipates “minimal contribution” from AI Teammates in the coming fiscal year, due to the launch timing of that product, which was unveiled in September.
Meanwhile, product-led growth “continues to be a near-term headwind,” Parekh said. “Our objective is to turn that into a long-term tailwind.”
