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C3 AI appoints new CFO as company gears for growth

EditorLina Guerrero
Published 02/28/2024, 06:08 PM
Updated 02/28/2024, 06:08 PM
© Reuters.

REDWOOD CITY, Calif. - C3 AI (NYSE: AI), a leading provider of enterprise AI application software, has announced a change in its financial leadership with the appointment of Hitesh Lath as the new Chief Financial Officer (CFO), effective March 1, 2024. Lath succeeds Juho Parkkinen, who has been appointed as Vice President of Finance, a role in which he will continue to serve the company.

Lath, who joined C3 AI as Chief Accounting Officer in December 2023, brings to the table over two decades of experience in finance and accounting leadership, primarily at EY, where he catered to the complex needs of technology companies. His expertise is expected to be a significant asset as C3 AI continues its growth trajectory.

C3 AI's CEO, Thomas M. Siebel, expressed confidence in Lath's ability to guide the company's financial growth, acknowledging the strong financial management foundation laid by Parkkinen. Under Parkkinen's leadership, C3 AI successfully navigated its initial public offering (IPO) and established robust financial and reporting processes that have been instrumental in the company's success.

Parkkinen, who has been with C3 AI since before its IPO, remarked on his tenure as a rewarding experience and expressed enthusiasm about his new role, where he aims to continue mentoring the finance team.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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