Stem appoints Brian Musfeldt as CFO effective July 17; Doran Hole steps down

STEM, INC.

Brian Musfeldt named CFO; previously CFO of AlsoEnergy (acquired by Stem in 2022) and most recently CFO of ikeGPS.
Musfeldt receives $400K base salary, $50K sign-on bonus, and equity awards including RSUs, PSUs, and stock options.
Doran Hole steps down as CFO and EVP effective July 17, will advise through July 31 to ensure orderly transition.
CEO Arun Narayanan cites alignment with strategic direction focused on growing software services revenue and profitable growth.

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