MARKET WIRE NEWS

Asana to Appoint Aziz Megji to the Role of Chief Financial Officer

MWN-AI** Summary

Asana, Inc. (NYSE: ASAN), a system of action that integrates human efforts with AI, has announced the promotion of Aziz Megji to Chief Financial Officer (CFO), effective March 24, 2026. Megji will succeed Sonalee Parekh, who has served in the role since 2024 and will transition out of the position on March 23, 2026.

Aziz Megji has been with Asana since 2024, serving as the Head of Financial Planning & Analysis, where he directed annual planning, budgeting, forecasting, and performance management processes. Additionally, he plays a significant role in strategic finance, treasury, investor relations, and corporate development. His collaborative work with CEO Dan Rogers and the Board covers long-term planning, capital allocation, and growth initiatives, positioning him well for the CFO role.

Rogers expressed confidence in Megji’s leadership, highlighting his critical contributions to Asana’s financial strategy and market expansion while acknowledging Parekh's impact over her tenure. Reflecting on his new role, Megji stated that he is honored to take on this responsibility during a pivotal time for the company, emphasizing Asana's strong foundation and the potential for sustainable growth.

Asana, which utilizes the Work Graph® data model, collaborates with over 180,000 organizations to facilitate efficient workflows and complex project executions. The company's executive transition comes amid ongoing efforts to blend AI capabilities with workplace processes, supporting organizations in navigating the evolving market landscape.

The announcement also includes forward-looking statements regarding Asana’s potential growth and operational outlook, cautioning that actual results may vary. Asana encourages stakeholders to review its filings and communications for material information updates.

MWN-AI** Analysis

Asana's upcoming appointment of Aziz Megji as Chief Financial Officer (CFO) represents a strategic pivot that could bolster investor confidence and drive the company’s growth trajectory. With extensive experience in financial leadership roles across major technology firms, including NVIDIA and RingCentral, Megji is well-positioned to enhance Asana's financial strategies during a critical phase of its evolution.

Megji's tenure as Head of Financial Planning & Analysis has already given him insight into the company's operational dynamics, enabling him to shape its budgeting and forecasting processes effectively. His close collaboration with Asana's CEO and Board on long-range planning and capital allocation signals a robust strategic direction that could attract investors looking for a forward-thinking leadership team.

This leadership transition arrives at a pivotal time as Asana seeks to penetrate deeper into the market, where competition is fierce and innovation is vital. Megji's experience in driving key growth initiatives speaks directly to Asana’s goals of enhancing its multi-product strategy and solidifying its position within the Agentic Enterprise framework. The focus on sustainable growth and long-term shareholder value is promising, aligning with market expectations for tech companies in a rapidly evolving landscape.

However, investors should remain cautious due to the inherent risks outlined in Asana's forward-looking statements. Factors such as market competition, customer retention, and the integration of AI capabilities are critical insights for evaluating Asana's future performance. While the leadership change holds significant potential, the company must navigate these challenges effectively.

In summary, the appointment of Aziz Megji could herald a new chapter of strategic growth for Asana. Investors would be wise to monitor how this transition unfolds and consider its implications for long-term performance, keeping a keen eye on market conditions and Asana's capacity to leverage its innovative strengths.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), the system of action where humans and AI run work together, will promote Aziz Megji to the role of Chief Financial Officer (CFO), effective March 24, 2026. Megji will succeed Sonalee Parekh, who has served as Asana’s CFO since 2024 and tendered her resignation effective March 23, 2026.

Megji brings his experience from his Head of Financial Planning & Analysis role where he led the company’s annual planning, budgeting, forecasting, and performance management processes, as well as overseeing the strategic finance, treasury, investor relations, corporate development, deal desk, and sales compensation functions. He partners closely with Asana’s CEO and Board on long-range planning, capital allocation, go-to-market strategy, and driving key growth initiatives. Prior to joining Asana in 2024, Megji held senior finance leadership roles at RingCentral, NVIDIA, and Hewlett Packard Enterprise.

“I’ve gotten to know Aziz well during my time at Asana, and he has proven himself to be a trusted partner and strong strategic leader,” said Dan Rogers, Chief Executive Officer of Asana. “He’s played a key role in shaping our financial strategy and strengthening our go-to-market execution as we’ve evolved into a multi-product company. 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. I also want to thank Sonalee for her many contributions to Asana and her partnership. We wish her the very best in her next chapter.”

“I am honored to step into the CFO role at such an important time for Asana,” said Megji. “We have a strong foundation, meaningful opportunities ahead, and a clear strategy to drive sustainable growth and long-term shareholder value. I’m deeply grateful to Sonalee for her leadership, partnership, and mentorship, and for the impact she has had on Asana.”

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, statements about our CFO leadership transition, our strategy, our opportunities and our future operational and financial performance. Forward-looking statements generally relate to future events or Asana’s future financial or operating performance. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “may,” “will,” “goal,” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including factors beyond Asana’s control, that may cause Asana’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: Asana’s ability to achieve future growth and sustain its growth rate, Asana’s ability to attract and retain customers and increase sales to its customers, Asana’s ability to develop and release new products and services and to scale its platform, including the successful integration of AI, Asana’s ability to increase adoption of its platform through Asana’s self-service model, Asana’s ability to maintain and grow its relationships with strategic partners, the highly competitive and rapidly evolving market in which Asana participates, Asana’s international expansion strategies, and broader macroeconomic conditions. Further information on risks that could cause actual results to differ materially from forecasted results are included in Asana’s filings with the SEC, including Asana’s Annual Report on Form 10-K for the year ended January 31, 2025 and subsequent filings with the SEC. Any forward-looking statements contained in this press release are based on assumptions that Asana believes to be reasonable as of this date. Except as required by law, Asana assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

About Asana

Asana is the system of action where humans and AI run work together so individuals work smarter, teams move faster, and organizations deliver results. Powered by the Work Graph® data model, Asana provides the context and governance that enables AI to operate inside real workflows across teams, processes, and systems. More than 180,000 organizations are building the Agentic Enterprise with Asana—including Accenture, Amazon, Anthropic, and Suzuki—connecting strategy to execution and delivering complex work at scale. Learn more at asana.com .

Disclosure of Material Information

Asana announces material information to its investors using SEC filings, press releases, public conference calls, and on its investor relations page of Asana’s website at https://investors.asana.com . Asana uses these channels, as well as social media, including its X (formerly Twitter) account (@asana), its blog ( blog.asana.com ), its LinkedIn page ( www.linkedin.com/company/asana ), its Instagram account (@asana), its Facebook page ( www.facebook.com/asana/ ), Threads profile (@asana) and TikTok account (@asana), to communicate with investors and the public about Asana, its products and services and other matters. Therefore, Asana encourages investors, the media and others interested in Asana to review the information it makes public in these locations, as such information could be deemed to be material information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302178936/en/

Eva Leung
Asana Investor Relations
ir@asana.com

Frances Ward
Asana Corporate Communications
press@asana.com

FAQ**

How will the leadership transition to Aziz Megji as CFO impact Asana Inc. Class A ASAN's financial strategy and growth initiatives moving forward?

Aziz Megji's leadership transition as CFO may enhance Asana Inc.'s financial strategy and growth initiatives by leveraging his expertise to drive operational efficiency, optimize capital allocation, and focus on innovative solutions amid evolving market dynamics.

In what ways do you expect Aziz Megji to leverage his experience at RingCentral and NVIDIA to enhance Asana Inc. Class A ASAN's operational performance?

Aziz Megji is likely to leverage his expertise from RingCentral and NVIDIA in cloud communication and high-performance computing to optimize Asana's operational efficiencies, enhance product innovation, and drive growth through strategic technological advancements.

Considering the competitive landscape, how does Asana Inc. Class A ASAN plan to sustain its growth rate under the new CFO’s leadership?

Asana Inc. Class A (ASAN) plans to sustain its growth rate under the new CFO's leadership by focusing on product innovation, expanding its market presence, enhancing customer experience, and optimizing operational efficiencies in a competitive landscape.

What specific strategies will Aziz Megji implement to increase customer adoption and retention for Asana Inc. Class A ASAN’s products and services?

Aziz Megji will focus on enhancing user experience through personalized onboarding, implementing targeted marketing campaigns, leveraging customer feedback for continuous product improvements, and fostering a strong community to increase customer adoption and retention for Asana Inc. products.

**MWN-AI FAQ is based on asking OpenAI questions about Asana Inc. Class A (NYSE: ASAN).

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