Himanshu Palsule named as new CEO of Cornerstone OnDemand
Cornerstone OnDemand has appointed Himanshu Palsule as CEO and a member of the Board of Directors, while former CEO Phil Saunders will join Cornerstone founder Adam Miller as senior advisors to the company.
Prior to joining Cornerstone, Palsule served as President of Epicor Software, a member of the Board of Directors at ChannelAdvisors and Calabrio, and CTO and Head of Strategy at Sage Technologies.
He said, “I am honoured to lead Cornerstone through its next phase of growth, and to have the opportunity to succeed Phil and Adam and build on the company’s strong 20-year legacy.”
“Together with the team and my colleagues, 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.”
“I am confident in Cornerstone’s future and look forward to further accelerating the value we bring to all of our stakeholders.”
The appointment of Palsule as CEO comes after the completion of the US$5.2 billion acquisition of Cornerstone by the Clearlake Capital Group, which aims to combine Cornerstone’s product and industry leadership with Clearlake’s software investment experience and operational improvement approach.
Prashant Mehrotra, Partner at Clearlake, commented, “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.”