The stock of software company Asana (ASAN) has plunged 27% on news that CEO Dustin Moskovitz is retiring. Optimize Your Investment Research

Dustin Moskovitz is retiring from Asana, the software company he founded in 2008. Asana, a task management platform, announced his retirement as part of the company’s fiscal fourth-quarter earnings report, CNBC reported. Moskovitz informed the board he intends to move into a chair role when a new CEO starts.

For its fiscal 2025 fourth quarter that ended on Jan. 31, Asana reported it broke even, up from a loss of four cents per share in the same quarter of the previous fiscal year, on revenue of $188.3 million, up 10% year-over-year. Both figures were slightly above the loss of a penny per share and revenue of $188.1 million expected by analysts.

Dustin Moskovitz, the CEO of Asana and one of the original founders of Facebook, is leaving the software company he founded in 2008. TakeAway Points: Dustin Moskovitz, the CEO of Asana and one of the original co-founders of Facebook,

Asana's CEO and co-founder Dustin Moskovitz announced his retirement, according to CNBC. He will transition to the role of Chair once a new CEO is appointed. The company's fourth-quarter revenue increased 10% year-over-year,