C3.ai CEO Siebel to step down due to health issues, search begins

REDWOOD CITY, Calif. - Enterprise AI application software company C3.ai, Inc. (NYSE:AI), currently valued at $3.9 billion, announced Thursday it has initiated a search for a successor to replace Thomas M. Siebel as Chief Executive Officer. According to InvestingPro data, the company maintains a strong financial position with a current ratio of 6.86, indicating robust liquidity.

The decision comes after Siebel was diagnosed with an autoimmune disease in early 2025 that has caused significant visual impairment. The search will be conducted by an international search firm reporting to a committee consisting of members of the C3.ai board and management team. The leadership change comes as C3.ai demonstrates strong revenue growth of 25.27% over the last twelve months.

"For C3 AI to reach its full potential, the board and I have initiated a search for a new CEO who can take the company to the next level of growth and success," Siebel said in a statement.

Siebel will continue in his current role until a successor is appointed, after which he will transition to Executive Chairman. In this position, he will focus on strategy, product innovation, and strategic partner and customer relationships.

C3.ai develops and deploys enterprise AI applications and offers an end-to-end platform for developing AI applications, along with industry-specific SaaS enterprise AI applications and generative AI offerings for enterprises.

The company did not provide a timeline for when it expects to name a new CEO. The information was shared in a press release issued by the company.

In other recent news, C3.ai has initiated a search for a successor to replace its founder and CEO, Thomas M. Siebel, who was diagnosed with an autoimmune disease causing significant visual impairment. The search will be conducted by a renowned search firm, overseen by a committee from C3.ai’s board and management. In strategic developments, C3.ai has announced a partnership with Huntington Ingalls Industries, aiming to integrate AI solutions to enhance shipbuilding operations, which could support U.S. Navy fleet readiness. Additionally, C3.ai has formed a strategic cooperation with Univation Technologies to commercialize AI-powered predictive maintenance solutions for the petrochemical industry.

Moreover, C3.ai has appointed Rob Schilling as Executive Vice President and Chief Commercial Officer, effective June 16, 2025. Schilling brings experience from Oracle, where he was involved in cloud enterprise sales applications, and from his leadership roles at Nokia and SpaceTime. These developments indicate C3.ai’s ongoing efforts to strengthen its leadership and expand its technological partnerships.

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