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BILL reshuffles executive team and names new CTO weeks after 30% workforce cut
BILL reshuffled its executive team Tuesday, naming a new CTO and CPO as AI becomes the company's top priority. The changes come three weeks after the financial software firm cut 30% of its staff.
BILL Overhauls Leadership Team as AI Becomes Top Priority
BILL, a financial operations platform, is restructuring its executive team to accelerate its shift toward artificial intelligence. The company announced the changes Tuesday, three weeks after cutting 30% of its workforce.
CEO René Lacerte said the moves position BILL as an "AI native company" serving nearly 500,000 businesses. He told investors during an earnings call that AI has moved from one of three priorities to the company's primary focus.
Executive Changes
Michael Cieri is promoted to chief product officer from general manager of software solutions. He will oversee product management, marketing, design, research, and strategy.
Erin Chan, a founding engineer and distinguished engineering fellow at BILL, replaces Chief Technology Officer Ken Moss. Chan will lead the company's AI platform strategy and oversee expansion of AI capabilities.
John Rettig, president and COO for more than a decade, moves into a newly created role as Chief Strategy and Transformation Officer.
Sarah Acton is leaving after nearly five years as chief customer officer. Rather than replace her, BILL plans to hire a chief revenue officer in the coming weeks.
Mary Kay Bowman, general manager of payments and financial services, departs after nearly three years but will stay on as an advisor.
Why the Shift Matters
Lacerte said deploying AI agents internally and for customers has produced measurable results in productivity and customer value. This evidence shifted AI from strategic priority to operational necessity.
The restructuring reflects a broader pattern among enterprise software companies: executives are reorganizing around AI capabilities rather than treating the technology as an add-on.
For strategy leaders implementing similar transformations, understanding AI for Executives & Strategy and Generative AI and LLM technologies is essential to evaluating organizational change and capability gaps.