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REDWOOD CITY, Calif. - C3 AI (NYSE:AI), a $2.3 billion market cap enterprise AI software company with over 25% revenue growth in the past year, has appointed Stephen Ehikian as its new Chief Executive Officer effective September 1, 2025, according to a company press release. Thomas M. Siebel, the company’s founder, will continue to serve as Executive Chairman.
Ehikian joins the enterprise AI application software company with experience as a technology entrepreneur and most recently served as Acting Administrator of the U.S. General Services Administration. His previous ventures include founding RelateIQ and Airkit.ai, both of which were acquired by Salesforce and integrated into the company’s AI offerings. According to InvestingPro data, C3 AI generated $389 million in revenue last year, maintaining a healthy gross profit margin of 61%.
During his tenure at the GSA, Ehikian was responsible for implementing the President’s AI Action Plan and modernizing federal procurement processes.
"I am honored to join C3 AI at such a pivotal time in the AI era," Ehikian said in the statement.
The company’s board members expressed support for the appointment. Condoleezza Rice, former U.S. Secretary of State and C3 AI board member, noted that Ehikian "combines entrepreneurial success, technological expertise, and public service experience."
Jim Hagemann Snabe, Chairman of Siemens and C3 AI board member, cited Ehikian’s "deep technical expertise and proven ability to build future-forward companies" as assets for the organization.
Siebel, who will remain actively involved as Executive Chairman, stated, "We have the rare combination of the right person, at the right company, in the right market, at the right time."
C3 AI describes itself as an Enterprise AI application software company offering an integrated platform for developing and deploying AI applications, along with industry-specific SaaS solutions and generative AI offerings for enterprises. The company maintains strong financial health with a current ratio of 6.86, indicating robust liquidity. InvestingPro analysis reveals 8 additional key financial metrics and insights available for subscribers, including detailed valuation metrics and growth projections. Get access to the comprehensive Pro Research Report, part of InvestingPro’s coverage of 1,400+ top US stocks, for in-depth analysis and actionable investment insights.
In other recent news, C3 AI has experienced several significant developments. The company reported disappointing preliminary first-quarter results, leading to a downgrade by Oppenheimer from Outperform to Perform. C3 AI reduced its revenue expectations for the first quarter of fiscal 2026 from approximately $105 million to around $70 million, marking a 35% decline. Northland also downgraded C3 AI to Market Perform, noting a revenue miss that fell short of analyst expectations, particularly in subscription revenue. In a strategic move, C3 AI announced a partnership with Electrobras to implement real-time fault monitoring and resolution technology, enhancing operational efficiency. Additionally, C3 AI launched C3 Agentic AI Websites, a new product designed to transform standard websites into interactive platforms. The company also introduced a Strategic Integrator Program, allowing partners to license its Enterprise AI platform for developing and marketing AI applications. These developments reflect C3 AI’s ongoing efforts to expand its technological capabilities and market reach.
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