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Stem, Inc., a technology provider for the energy transition, has announced that its Board of Directors has appointed Chief Executive Officer Arun Narayanan to serve on the board. The appointment, effective December 1, 2025, follows the board's expansion from seven to eight directors and reflects confidence in Narayanan's leadership during the company's transformation toward a software-centric business model.
Stem appoints its CEO, Arun Narayanan, to the company's Board of Directors.
The board size was increased from seven to eight directors to accommodate the appointment.
The move reflects the board's confidence in Narayanan's leadership and strategic vision.
Narayanan joined Stem as CEO in January 2025, focusing on the PowerTrack software platform.
Under his leadership, Stem has reported positive adjusted EBITDA and accelerating software revenue growth.
The appointment aims to strengthen alignment between management and the board on strategic priorities.
The appointment of the CEO to the board is a strategic move to deepen the connection between Stem's executive leadership and its governing body. This alignment is particularly critical as the company executes a significant transformation. “Arun's appointment to the Board strengthens the connection between management and the Board as we continue to execute on our strategic priorities,” said David Buzby, Chairman of the Board.
Arun Narayanan joined Stem as CEO in January 2025, tasked with steering the company's shift towards a software-centric model centered on its PowerTrack platform. The board's decision to appoint him as a director is a vote of confidence in his early tenure, which has included achieving positive adjusted EBITDA and accelerating growth in high-margin software revenue. These milestones are key indicators of success in the company's revised strategy.
Narayanan's background in enterprise software is highlighted as a valuable asset for the board as Stem continues to prioritize its software platform. His presence on the board ensures that the strategic focus on software and technology will be deeply embedded in corporate governance and long-term planning. “Together, we’re building a leading software platform that empowers our customers to optimize their clean energy investments,” said Narayanan.
This appointment also signals stability and a commitment to the current strategic direction. By integrating the CEO into the board, Stem reinforces a unified leadership front as it navigates the competitive clean energy technology market and seeks to capitalize on the global energy transition.
The move is a common corporate governance step for companies undergoing significant change, ensuring that the executive driving the day-to-day transformation also has a direct voice in board-level oversight and decision-making.
About Stem
Stem, is a global leader reimagining technology to support the energy transition. Turning complexity into clarity, and potential into performance. Helping asset owners, operators and stakeholders benefit from the full value of their energy portfolio by enabling the intelligent development, deployment, and operation of clean energy assets. Stem’s integrated software suite, PowerTrack, is the industry-standard and best-in-class for asset monitoring, supported by professional and managed services, under one roof. Meant to tackle challenges as seamlessly as possible, Stem shows the information needed clearly and accurately and helps harness raw data to inform actionable insight. With global projects managed in 55 countries, customers have relied on Stem for nearly 20 years to maximize the value of their clean energy projects.
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