Stem, Inc., a global leader reimagining technology to support the energy transition, today announced that its Board of Directors has increased the size of the Board from seven to eight directors, and appointed Arun Narayanan, Stem’s Chief Executive Officer, to serve as a Class I Director, effective Dec. 1, 2025.
The appointment reflects the Board’s confidence in Narayanan’s leadership and strategic vision as Stem continues to execute its transformation to a software-centric clean energy technology company. Since joining Stem as CEO in January 2025, Narayanan has led the Company’s strategic execution, driving focus on the PowerTrack™ software platform and achieving significant operational milestones, including positive adjusted EBITDA and accelerating software revenue growth.
“Arun has demonstrated exceptional leadership in positioning Stem for long-term success,” said David Buzby, Chairman of the Board. “His appointment to the Board strengthens the connection between management and the Board as we continue to execute on our strategic priorities. Arun’s deep expertise in enterprise software and his clear vision for Stem’s future make him an invaluable addition to our Board.”
“I’m honored to join Stem’s Board of Directors at this pivotal moment in our company’s evolution,” said Narayanan. “Our new strategy is delivering results, and I look forward to working even more closely with our Board as we execute on the opportunities ahead. Together, we’re building a leading software platform that empowers our customers to optimize their clean energy investments and accelerate the energy transition.”
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