C3.ai CEO Change: Siebel Returns, CFO Departs
Ticker: AI · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1577526
| Field | Detail |
|---|---|
| Company | C3.Ai, Inc. (AI) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | mixed |
Sentiment: mixed
Topics: leadership-change, executive-appointment, executive-departure
Related Tickers: AI
TL;DR
Siebel's back as CEO, Abbo out. Bianco out as CFO, Kim steps in. Big shakeup at C3.ai.
AI Summary
On June 19, 2024, C3.ai, Inc. announced the appointment of Thomas M. Siebel as Chief Executive Officer, succeeding Edward J. Abbo. Siebel, who previously served as CEO, will also continue as Chairman of the Board. The company also announced the departure of Chief Financial Officer, Amy P. Bianco, and the appointment of Juho Kim as interim CFO. These changes are effective immediately.
Why It Matters
The return of founder Thomas Siebel as CEO signals a potential strategic shift for C3.ai, while the CFO departure introduces uncertainty regarding financial leadership.
Risk Assessment
Risk Level: medium — Leadership changes, especially at the CEO and CFO level, can introduce uncertainty and impact strategic execution and investor confidence.
Key Players & Entities
- C3.ai, Inc. (company) — Registrant
- Thomas M. Siebel (person) — Appointed CEO and continues as Chairman
- Edward J. Abbo (person) — Departing CEO
- Amy P. Bianco (person) — Departing CFO
- Juho Kim (person) — Appointed interim CFO
- June 19, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new CEO of C3.ai, Inc.?
Thomas M. Siebel has been appointed as the new CEO of C3.ai, Inc., effective June 19, 2024.
Who is stepping down as CEO?
Edward J. Abbo is stepping down as CEO.
Who has been appointed as the interim CFO?
Juho Kim has been appointed as the interim CFO.
Who is departing as CFO?
Amy P. Bianco is departing as CFO.
What is the effective date of these leadership changes?
The leadership changes are effective as of June 19, 2024.
Filing Stats: 542 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-06-25 16:07:49
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share AI New York Stock Exchange
Filing Documents
- ai-20240619.htm (8-K) — 25KB
- 0001628280-24-029881.txt ( ) — 150KB
- ai-20240619.xsd (EX-101.SCH) — 2KB
- ai-20240619_lab.xml (EX-101.LAB) — 23KB
- ai-20240619_pre.xml (EX-101.PRE) — 13KB
- ai-20240619_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. C3.ai, Inc. Dated: June 25, 2024 By: /s/ Thomas M. Siebel Thomas M. Siebel Chief Executive Officer and Chairman of the Board of Directors