Asan’s CEO and Facebook co-founder Dustin Moskovitz.
Petricia de Melo Morera | AFP | Getty images
Dustin Moskovitz, K. CEO Posture And one of the original founders of FacebookThe software company launched in 2008 is retiring.
Asan on Monday announced the upcoming departure of Moskovitz as part of the company’s fiscal fourth quarter earnings report on Monday, and its board has maintained an executive search firm to help select a new CEO. The company said on Monday that Moscovitz informed its board with the intention of “transitioning for the role of a chair.”
Moskovitz said in a statement, “As I reflect my journey since being the co-founder of Asan about 17 years ago, I am very gratitude.” “Banana and leading asana have exceeded the creation of just a company – it is a deep privilege to work with some of the most talented brains in the industry.”
Asan said the fourth quarter sales grew by 10% year -on -year to $ 188.3 million, in line with analysts’ estimates. The company stated that its adjusted income was ahead of analysts of one percent loss of one percent per share, which was ahead of one percent loss per share.
Asan said he hoped that the fiscal first in the first quarter $ 184.5 million to $ $ 191 million to $ $ 186.5 million to $ 186.5 million to $ $ 186.5 million.
The share price of the posture was more than 25% after trading on Monday.
Moskovitz accounts for about 53% of the outstanding shares of the company, between its class A and Class B Holdings. He has raised his ownership since the company’s introduction of public market in 2020.
In 2023, after a dip in the technical field, Moskovitz told CNBC that “it is two -year -old wild in the market and there are opportunities to buy some interesting.”
According to Forbes, his total assets are more than $ 16 billion due to his early Facebook stake.
Moscovitz said in his Monday’s retirement statement that he plans to focus more on his philanthropic efforts, such as good enterprises and open philanthropy, cited “possible risks from advanced AIs” in his various focus areas. In 2010, Moskovitz signed the Giveing Play, a promise by some rich people in the world to donate most of their fate.
Good ventures, which was co-established by Moskovitz and his wife Carrie Tuna, donated a $ 30 million to the chatter maker openi over a period of three years in 2017.
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