Cornerstone Announces Leadership Transition
12 May 2020 - 6:15AM
Business Wire
Cornerstone OnDemand, Inc. (NASDAQ: CSOD), a global leader in
people development solutions, today announced that after 20 years
as founder and Chief Executive Officer of Cornerstone, Adam Miller
will become co-chair of the Cornerstone Board of Directors. The
board has appointed Phil Saunders, the former CEO of Saba Software,
to serve as Cornerstone’s new CEO effective June 15, 2020.
“I founded Cornerstone with a mission to help educate the world,
and we have never wavered from that goal,” said Adam Miller.
“Cornerstone has brought learning to millions of people around the
globe and has become one of the world’s largest cloud computing
companies in the process. I am proud of all that we have
accomplished, and after two decades, I am excited to commit more
fully to my passion for social entrepreneurship and public service.
I'm confident that Phil is the right leader to continue building on
our mission and to help our clients prepare for the new world of
work. As co-chair with Elisa Steele, I will continue to help with
Cornerstone's innovation into the future as we work to empower
nearly 100 million people around the world.”
"I'm honored that Adam and the board have put their trust in me
to lead Cornerstone,” said Phil Saunders, future CEO of
Cornerstone. “I look forward to working alongside such a talented
team, our board, and our global ecosystem of customers and
partners. Our priority will remain serving our customers and
people, as well as executing on our business integration and
driving value for our shareholders. Going forward, we have even
more opportunities for growth and the ability to make an even
bigger impact in the lives of people at work, every day. I am
energized by this challenge and look forward to guiding
Cornerstone’s continued success."
“As founder and CEO of Cornerstone, Adam’s passion, vision and
leadership have helped shaped the industry, and I welcome his
partnership as co-chairs,” said Elisa Steele, chair of the
Cornerstone Board of Directors. "Now Phil will take the reins, and
the board has every confidence in his ability to lead the company
going forward. His operational expertise and track record are fully
aligned with our plan for long-term success and, on behalf of the
Board of Directors, we are pleased to announce his appointment
today.”
Phil Saunders was most recently the CEO of Saba Software. He was
instrumental in Saba's growth and position as a HR technology
leader. Prior to Saba, Phil spent 20 years at Gemalto (previously
SafeNet), where he served in key sales and marketing leadership
roles before becoming Chief Revenue Officer and board member.
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 organizations the technology,
content, expertise and specialized focus to help them realize the
potential of their people. Featuring comprehensive recruiting,
personalized learning, modern training content, development-driven
performance management and holistic employee data management and
insights, Cornerstone’s people development solutions are used by
approximately 7,000 clients of all sizes, spanning more than 75
million users across over 180 countries and 50+ languages. Learn
more at www.cornerstoneondemand.com.
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Media Contact: Deaira Irons Cornerstone
dirons@csod.com
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