Three weeks after announcing mass job cuts. invoice It is undertaking an overhaul of its leadership team.
Financial operations platform He said on Tuesday (May 26) that it was making several changes to its executive team while increasing its focus on artificial intelligence.
“Bill is at a pivotal moment in our journey,” he said. Rene LassertFounder and CEO of BILL.
“As we continue our transformation into a homegrown AI company serving nearly 500,000 businesses, we are evolving our leadership team and organizational structure to align with our highest priorities and position BILL for the future.
“The changes will strengthen our operational focus, accelerate innovation, deepen customer value, and strengthen BILL as the trusted platform our customers rely on to manage and grow their businesses,” Lassert added.
These changes include promotion Michael Seery He currently serves as BILL’s General Manager, Software Solutions, and then as Chief Product Officer, where he oversees product management, product marketing, design, research, and product strategy.
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Sarah Actonthe company Chief Customer Officer (CCO), departs after nearly five years on the leadership team. Instead of naming a new CEO, BILL says it plans to announce a new chief revenue officer in the coming weeks.
The chief technology officer is also leaving Ken Mosswho will be replaced by Erin Chan, BILL Distinguished Engineering Fellow and founding engineer.
“Chan will lead BILL’s AI platform strategy and execution as we scale through this next phase and scale the company Artificial intelligence capabilitiesThe statement said.
President and Chief Operating Officer John Rettigwho has been with BILL for more than a decade, will move into the newly created position of Chief Strategy and Transformation Officer.
finally, Mary Kay Bowmangeneral manager of payments and financial services, will subsequently leave the company Nearly three yearsBut he continued as a consultant.
The announcement follows BILL’s decision earlier this month to reduce its workforce by 30% It is working to accelerate the use of artificial intelligence in its own operations and its financial operations platform for companies and accounting firms.
Speaking during the earnings call, Lassert noted that in his early calls he referred to artificial intelligence as one of Bell’s tools Three main priorities.
“The tangible proof points we have seen are spreading rapidly New agents To create more value for customers and increase employee productivity, she explained, this is no longer one priority out of three. “It’s our number one priority,” Lacerte said.
