FX.co ★ Stem CEO John Carrington Steps Down; David Buzby Named Interim CEO

Stem, Inc. (STEM), a leading provider of AI-driven clean energy software and services, announced on Monday that John Carrington has stepped down from his role as Chief Executive Officer (CEO) and as a member of the Board of Directors, effective immediately.

To facilitate a smooth transition, Carrington will remain in an advisory role until December 31, 2024. Stem's Board of Directors, in collaboration with an executive search firm, is actively seeking a permanent CEO, considering both internal and external candidates.

David Buzby, the Executive Chair of the Board of Directors, has been appointed interim CEO, effective immediately. The company is finalizing its previously announced strategic review and anticipates disclosing the findings publicly in the near future.

Buzby brings over 33 years of experience in founding, building, and investing in businesses with a focus on renewable energy generation, energy storage/grid services, decarbonizing the built environment, recycling, carbon removal, and lithium production.

He has also held senior executive roles in numerous companies, including Chairman, CEO, COO, and CFO.