09:30 AM EST, 01/16/2025 (MT Newswires) -- Stem (STEM) said Thursday it has appointed Arun Narayanan as chief executive, effective Jan. 27.

David Buzby will step down as interim CEO and executive chair of the board, effective Jan. 27, and will remain chair of the board, the energy storage network provider said.

Before joining Stem, Narayanan was CEO of RES Digital Solutions, a division of renewable energy company RES, Stem said.

Shares were edging 0.5% higher in early trading.