C3 AI appoints veteran financial leader to board

REDWOOD CITY, Calif. - C3 AI (NYSE:AI), a major provider of enterprise AI software applications with a market capitalization of $3.02 billion and impressive revenue growth of 23.79% over the last twelve months, has announced the addition of Kenneth A. Goldman to its board of directors, effective as of May 21, 2025. Goldman’s extensive experience spans over 40 years in financial leadership and corporate strategy across a variety of technology sectors. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 6.74, indicating robust financial health.

Thomas M. Siebel, Chairman and CEO of C3 AI, expressed confidence in Goldman’s capabilities, emphasizing his financial stewardship and operational rigor as assets that will significantly contribute to the company’s growth and strategic direction. Goldman is expected to play a key role in overseeing the financial operations and governance of C3 AI as it continues to expand. The appointment comes at a crucial time, as InvestingPro data shows the company faces profitability challenges with a net loss of $281.93 million in the last twelve months. For deeper insights into C3 AI’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

Goldman’s appointment comes with a notable background, including his recent role as President at Hillspire, a family office and asset management firm. His previous positions include Chief Financial Officer at Yahoo!, Fortinet, and Siebel Systems. His extensive board experience includes over 40 corporate boards, current board membership at Fortinet and RingCentral, and participation in the Public Company Accounting Oversight Board’s Investor Advisory Group. Additionally, he is recognized as a Trustee Emeritus of Cornell University.

Goldman himself acknowledged C3 AI’s ambitious mission in the enterprise software market and expressed enthusiasm for contributing to the company’s growth and innovation in Enterprise AI.

C3 AI is known for its integrated suite of AI products, including the C3 AI Platform, a comprehensive solution for developing and deploying enterprise AI applications, and C3 AI applications, which are industry-specific SaaS enterprise AI applications aiding in the digital transformation of organizations worldwide.

This strategic board appointment reflects C3 AI’s commitment to strengthening its leadership as it scales its operations in the competitive field of enterprise AI. The information provided in this article is based on a press release statement.

In other recent news, C3.ai is set to release its earnings report, with DA Davidson maintaining a Neutral rating and a price target of $18.00. The firm expressed concerns over potential risks to consensus estimates due to nonrecurring revenue and macroeconomic uncertainties, particularly given C3.ai’s reliance on government contracts. Additionally, the relationship with Baker Hughes, C3.ai’s largest customer, remains uncertain, which could impact revenue. In a strategic move, C3.ai has partnered with Arcfield to enhance AI applications within defense and intelligence agencies, leveraging its C3 Agentic AI Platform and C3 Generative AI. This collaboration aims to improve defense operations and address national security challenges. Furthermore, C3.ai has formed a strategic alliance with PwC to promote AI adoption across various industries, focusing on areas like banking, manufacturing, and utilities. This partnership combines C3.ai’s software solutions with PwC’s advisory expertise to drive digital transformation. Lastly, C3.ai is preparing for its sixth annual user conference, C3 Transform 2025, in Florida, which will focus on the impact of generative and agentic AI on enterprise software, featuring industry leaders and technical experts.

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