tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

C3 AI announces restructuring of global sales, services organization

C3 AI (AI) said that in the course of Q1, it restructured its global sales and services organization, including new leadership. That restructuring is now complete, the company said in a statement. The new leadership includes Rob Schilling joining C3 AI as EVP and Chief Commercial Officer, responsible for all sales. His prior experience includes SVP, ERP, Oracle. “”The good news is we have completely restructured the sales and services organization, including new and highly experienced leadership across the board to ensure a return to accelerating growth and increased customer success at C3 AI. The bad news is that sales results in Q1 were completely unacceptable. Having given this a lot of thought, I attribute this to two factors. One: It is clear that in the short term, the reorganization with new leadership had a disruptive effect. Two: As we have previously announced, I have had a number of health issues in the past six months including multiple hospitalizations and vision impairment. Unfortunately, dealing with these health issues prevented me from participating in the sales process as actively as I have in the past…I am pleased to also report that, but for vision impairment, my health has improved dramatically. I am feeling strong and am fully engaged. As you also know, we are actively engaged in an executive search for a successor CEO at C3 AI and are moving expeditiously to identify some excellent candidates in short order,” said Thomas Siebel, CEO of C3 AI.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1