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Justin Paget/DigitalVision via Getty Images Stem ( NYSE: STEM ) Monday said that John Carrington has stepped down as CEO, and as a member of the Board of Directors, effective immediately. The company named David Buzby as interim CEO. Carrington will serve in an advisory capacity through December 31, 2024.
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 to lead Stem’s evolution as a leading energy software, technology, and services company. Stem ( STEM ) said it was concluding its previously announced strategy review and expects to publicly announce the outcome of its review in the coming weeks. David Buzby currently sits on the Board of privately held Wondrwall Holdco Ltd.
and Spring Valley Acquisition Corp. II ( SVII ). Previously, he was an early investor in, and a board member of, Sunrun ( RUN ).
RUN +0.47% premarket to $19.32.
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