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Cornerstone Names Chirag Shah Chief Financial Officer

London, UK. – Jan. 14, 2021 – Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in people development solutions, today announced the appointment of Chirag Shah as Chief Financial Officer (CFO) effective Feb. 1, 2021. Interim CFO Trish Coughlin will resume her role as Chief Accounting Officer and will support a seamless transfer of responsibilities to Shah.

Shah is a seasoned finance expert with over 10 years of experience at Cornerstone during which he has served in a number of capacities, including overseeing the company’s corporate strategic planning and budgeting, investor relations, global pricing and corporate development functions. Since joining Cornerstone in 2009, he has helped lead the company through its IPO in 2011 and supported four corporate acquisitions. Shah currently serves as Senior Vice President and General Manager of Growth Markets, where he has led the company’s expansion within the Asia-Pacific & Japan (APJ) region, the growth of the company’s Content business and Cornerstone’s small and medium-sized business (SMB) team. Prior to Cornerstone, Shah was an investment banker focused on mergers and acquisitions. He holds an M.B.A. from the Kellogg School of Management at Northwestern University, and a B.S. in Finance from Georgetown University.

“I would first like to thank Trish for her excellent leadership as interim CFO and her business partnership with me personally, particularly during the past few months of the pandemic,” said Phil Saunders, CEO, Cornerstone. “We conducted a thorough nationwide search for a new CFO, and Chirag stood out among a strong pool of internal and external candidates. His proven financial leadership and track record of profitable business growth as an operator, combined with his depth of market understanding and experience at Cornerstone, is the right combination to continue growing our business and driving shareholder confidence.”

“I am delighted to step into this role at Cornerstone at this time,” said Shah. “I look forward to continuing to work with Phil and the entire Cornerstone team in this new capacity as we drive toward operational excellence and the continued enhancement of shareholder value.”

Cornerstone will share more about this appointment during its next earnings call scheduled for Feb. 16, 2021.

To learn more about Cornerstone’s Executive Leadership Team, click here.

About Cornerstone

Cornerstone is a premier people development company. We believe people can achieve anything when they have the right development and growth opportunities. We offer organisations the technology, content, expertise and specialised focus to help them realise the potential of their people. Featuring comprehensive recruiting, personalised learning, modern training content, development-driven performance management and holistic employee data management and insights, Cornerstone’s people development solutions are used by more than 6,000 customers of all sizes, spanning more than 75 million users across over 180 countries and nearly 50 languages. Learn more at Cornerstone OnDemand.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which are subject to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the company’s business strategy are forward-looking statements that involve a number of uncertainties and risks. Actual results may differ materially from these statements and from actual future events or results due to a variety of factors, which are described in reports and documents the company files from time to time with the Securities and Exchange Commission, including the factors described under the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. Except to the extent required by applicable law, the company disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.

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Media Contact

Susan Hilliar
Cornerstone
Phone: +44(0)7767884556
shilliar@csod.com

Charlotte Stoel
Firefly Communications
Phone: +44(0)203 861 3600
Charlotte.stoel@fireflycomms.com

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