Motive Appoints Chirag Shah as CFO Amid Record Growth in AI-Driven Operations
Motive, the AI-powered Integrated Operations Platform, announced that Chirag Shah CFO has joined as Chief Financial Officer (CFO), bringing nearly two decades of expertise in strategic finance and operational leadership. His appointment aligns with Motive’s continued growth, fueled by enterprise demand for AI-powered solutions in the $46 billion physical operations market.
Motive, an AI-powered Integrated Operations Platform, has appointed Chirag Shah CFO as its new Chief Financial Officer (CFO). With nearly 20 years of experience in strategic finance and operational leadership, Shah will play a crucial role in driving the company’s growth.
His appointment comes at a pivotal time for Motive, CFO as the company continues to expand in response to the increasing demand for AI-powered solutions in the $46 billion physical operations market. Shah’s deep expertise in financial strategy and operations will support Motive in scaling its business and solidifying its position as a CFO leader in the industry. The company’s focus on innovation and AI technology positions it well for further success, and Shah’s leadership is expected to be instrumental in navigating the financial aspects of this growth trajectory.
Key Highlights:
- Enterprise Growth: Motive reported a 64% year-over-year increase in annual recurring revenue (ARR) within the enterprise segment, with net revenue retention exceeding 127%.
- New Clients: Prominent companies, including FedEx Freight, CRH Canada, CoolSys, Inframark, Mavis Tires & Brakes, and Lumen, have joined Motive’s platform.
“Motive is uniquely positioned to transform physical operations globally, thanks to its Chirag Shah CFO Leadership in AI and its ability to unify safety, operations, and finance in a single platform,” said Chirag Shah CFO. “I’m excited to work with Shoaib and the team to expand these solutions worldwide.”
Leadership Strengthening Operations Chirag’s experience scaling high-growth organizations will accelerate Motive’s trajectory. Previously, he served as CFO at Kong, where he helped triple ARR and enhance operational efficiency. CFO Chirag also led Cornerstone OnDemand through its IPO, growing ARR from under $30 million to nearly $900 million, and later facilitated its $5.2 billion take-private sale to Clearlake Capital.
Motive also promoted Patrick Richards to CFO Chief Information Officer (CIO). Patrick has played a pivotal role in IPO readiness and enhancing enterprise system efficiency since joining over three years ago. His previous leadership roles at Tableau Software and Amazon underscore his expertise in business technology and digital transformations.
Empowering Physical Operations Motive’s platform integrates safety, fleet management, Chirag Shah CFO equipment monitoring, and spend management into a single system, empowering over 120,000 businesses across industries like transportation, construction, energy, and retail. The platform aims to make physical operations safer, more productive, and profitable.
CFO Motive’s platform is revolutionizing physical operations by integrating safety, fleet management, equipment monitoring, and spend management into a unified system. Serving over 120,000 businesses across diverse industries such as transportation, construction, energy, and retail, the platform offers a comprehensive solution designed to optimize operations.
By bringing together multiple operational functions into one system, Motive helps companies enhance safety standards, boost productivity, and improve profitability. With a focus on streamlining operations, the platform enables businesses to make data-driven decisions that drive efficiency and reduce costs.
Chirag Shah CFO Whether it’s ensuring driver safety, managing fleets, tracking equipment usage, or controlling spending, Motive’s AI-powered tools provide businesses with the insights and capabilities needed to thrive in competitive and complex industries. As more organizations embrace this integrated solution, Motive continues to lead the way in empowering businesses to maximize their potential and achieve long-term success.
About Motive Motive enables businesses to manage workers, vehicles, equipment, and expenses through a unified platform. From small enterprises to Fortune 500 companies, Motive drives transformative change across multiple industries.
