- Stem (NYSE:STEM) on Tuesday said Doran Hole has been appointed Chief Financial Officer and Executive Vice President, effective September 2.
- In addition to the CFO role, Hole will oversee the company’s software and services group.
- Hole succeeds Bill Bush, who is stepping down as CFO, effective September 2. Bush will continue to lead the company’s public power and large scale FTM projects, as well as the supply chain team.
- Hole, most recently, served as EVP and CFO of Ameresco. Prior to that, he served as CEO for North America, and Group Vice President – Strategy, at ReneSola.
- In addition, Stem announced that David Buzby, who will continue to serve in his current role as Chairman of the Board of Directors, has also been appointed Executive Chair of the Board, as the company commences a strategic review of the business.
- Laura D’Andrea Tyson, a Stem director since 2021 and current Chair of the Board’s Nominating, Governance and Sustainability Committee, has been appointed Lead Independent Director of the Board, effective immediately.
- In connection with its review of the company’s strategy, the Board has also created a Software Strategy Working Group, chaired by Gerard Cunningham, a member of the Board. The Working Group will collaborate closely with the management team to develop this strategy.
- Stem is also streamlining its management structure by eliminating the Chief Strategy Officer role.
- Source: Press Release
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