At a Glance

  • Enterprise software provider Asana announced on Monday that it will promote its senior finance executive Aziz Megji to Chief Financial Officer, effective March 24.
  • Megji, currently Asana's head of financial planning and analysis, will succeed Sonalee Parekh, who is stepping down after less than two years as CFO, according to a press release and securities filings.
  • "Aziz is the right leader to serve as our next CFO, and I am confident he will help us usher in the next phase of growth for our agentic enterprise," Asana CEO Dan Rogers said in the release.

Deeper Dive

San Francisco-based Asana offers a work management platform that leverages AI agents.

Megji, 44, joined the company in December 2024 in his current role, according to his LinkedIn page. Previously, he held senior finance leadership positions at RingCentral, NVIDIA, and Hewlett Packard Enterprise.

In his new role, Megji will receive an annual salary of $600,000 and will be eligible for an initial annual target bonus equal to 35% of that amount, according to a filing with the U.S. Securities and Exchange Commission.

Asana said Parekh submitted her resignation to the board on February 26 and is expected to remain in the CFO role until her departure date of March 23. The company did not immediately respond to a request for comment on the sudden departure.

"Ms. Sonalee Parekh's resignation is not the result of any disagreement with the Company relating to its operations, policies, or practices, or any accounting policies or practices," the company said in the filing.

The CFO change comes as technology companies and their leaders face pressure to prove that AI adoption investments can generate profitable and measurable returns.

Asana has made AI a core part of its strategy, launching products such as AI Studio and AI Teammates aimed at improving workflow efficiency and collaboration.

The company reported total revenue of $205.6 million for the fourth quarter of fiscal 2026, up 9% year-over-year, according to results released Monday. Its GAAP net loss was $32.2 million, compared with a GAAP net loss of $62.3 million in the fourth quarter of fiscal 2025.

"We believe we can continue to invest in AI in a disciplined manner and are confident in our ability to continue expanding margins for years to come and beyond," Parekh said on Monday's earnings call.

The finance chief said AI Studio generated $6 million in annual recurring revenue during the quarter, and that the company's AI products will contribute 15% of new ARR in fiscal 2027.

However, because AI Teammates was launched in September, its later market entry means the company expects its contribution to results in the next fiscal year to be "minimal."

Meanwhile, Parekh said product-led growth "remains a headwind in the near term," adding, "our goal is to turn that headwind into a tailwind over the long term."