With 35 years of experience under his belt, new leader vows to expand company's capabilities
Cornerstone OnDemand named Himanshu Palsule as its new chief executive officer (CEO) and a member of the Board of Directors, replacing former CEO Phil Saunders. Palsule previously served as the president of Epicor Software, a member of the Board of Directors at ChannelAdvisors and Calabrio, as well as the chief technology officer and head of strategy at Sage Technologies.
The new CEO said that he is "honoured to lead Cornerstone in its next phase of growth."
"I will help Cornerstone to continue to advance human capital management technology, AI, data and content innovations, and expand the capabilities of our business that will allow our customers to create extraordinary organisations that learn, grow and thrive together," he said in a statement. "I am confident in Cornerstone's future and look forward to further accelerating the value we bring to all of our stakeholders.”
Read more: Cornerstone OnDemand discusses the future of work
He will be replacing former CEO Saunders, who will be joining Cornerstone founder Adam Miller as senior advisor to the company. Saunders said that it’s been an honour and a privilege to lead Cornerstone, a global cloud-based people development software provider and learning technology provider headquartered in San Francisco, for over two years, adding that he is "confident" that the company is in great hands with Palsule.
"I'm proud of the foundation that we have built upon within the talent management market through expanded scale, product innovation, and an unrelenting focus towards customer success, and am looking forward to Himanshu and the rest of the Cornerstone team continue its growth trajectory," he said.
Palsule's appointment as CEO comes as Clearlake Capital Group completes its acquisition of Cornerstone. Behdad Eghbali, co-founder and managing partner, and Prashant Mehrotra, partner, at Clearlake, said in a joint statement that they are excited to welcome Palsule to the Cornerstone executive team.
"Himanshu’s perspective, combined with his operating experience, aligns well with Clearlake's investment thesis in Cornerstone and makes him a coveted choice to lead the company in its next stage of growth," they said.
