Cornerstone names software industry veteran as CEO

Cornerstone OnDemand, the provider of cloud-based talent management software, has announced the appointment of Himanshu Palsule as CEO and a member of the board of directors, effective immediately.

Former CEO Phil Saunders will join Cornerstone founder Adam Miller as senior advisors to the company.

With more than 35 years of experience leading product, technology, and marketing organisations with a focus on driving growth and customer value, Palsule has deep industry knowledge and expertise in product and innovation strategy.

Prior to joining Cornerstone, he served as president of Epicor Software, has been a member of the board of directors at ChannelAdvisors and Calabrio, and was chief technology officer and head of strategy at Sage Technologies.

The appointment is an interesting move given Palsule’s prior experience with predominantly heavy-industry ERP providers. Epicor sells ERP solutions to manufacturers and Sage is known for is on-premise finance product – Cornerstone is a pure-play HCM vendor with a mix of talent, LMS and core HR capabilities, and that’s quite a departure from Palsule’s previous roles.

Commenting on his appointment, Himanshu Palsule 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. Never before has our purpose been more critical to the world around us. 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.”

Former Cornerstone CEO Phil Saunders added: “Leading Cornerstone over the past two years has been an honour and a privilege, and I am confident that the company is now in great hands with Himanshu. 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 watching Himanshu and the rest of the Cornerstone team continue its growth trajectory.”