Stem announced that John Carrington has stepped down as CEO and as a member of the board of directors, effective immediately. To ensure the transition, Carrington will serve in an advisory capacity through December 31. Stem‘s board, with assistance of an executive search firm, is conducting a search, which will include internal and external candidates, to identify a permanent CEO. David Buzby, executive chair of the company’s board of directors, has been appointed interim CEO, effective immediately. Buzby will continue to serve in his current role as executive chair of the board of directors. The company is concluding its previously announced strategy review and expects to publicly announce the outcome of its review in the coming weeks.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STEM:
Questions or Comments about the article? Write to editor@tipranks.com