Asana CEO Dustin Moskovitz announces retirement, stock plummets 25%

Dustin Moskovitz, the CEO of Asana and one of the original founders of Facebook , is retiring from the software company he started in 2008. Asana announced Moskovitz's retirement on Monday as part of the company's fiscal fourth-quarter earnings report, and its board has retained an executive search firm to help choose a new CEO. Moskovitz notified its board "of his intention to transition to the role of Chair when a new CEO begins," the company said Monday. "As I reflect on my journey since co-founding Asana nearly 17 years ago, I'm filled with immense gratitude," Moskovitz said in a statement. "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." Asana said fourth-quarter sales rose 10% year-over-year to $188.3 million, which was in-line with analyst estimates. The company said its fourth-quarter adjusted earnings per share was breakeven, ahead of analyst estimates ... Read full article.