Nuance Appoints Tom Beaudoin, Executive Vice President, Business Transformation
November 28 2017 - 4:00PM
Nuance Communications, Inc. (NASDAQ:NUAN) today announced that it
has appointed Tom Beaudoin as its executive vice president,
Business Transformation. In this role, Mr. Beaudoin will oversee a
variety of initiatives intended to fuel the company’s growth by
rationalizing its portfolio, identifying cost synergies and
optimizing its structure and operations. He reports to Paul Ricci,
chairman and CEO.
Mr. Beaudoin returns to Nuance after two years, where he served
as chief financial officer for SimpliVity and helped orchestrate
its successful sale to HP Enterprise. Prior to SimpliVity, he
was executive vice president and CFO at Nuance for seven years,
where he led accounting, financial planning and analysis, tax and
treasury, information technology, and administrative functions.
Before joining Nuance, Mr. Beaudoin was president, CFO, and chief
operating officer of Polaroid Corporation and led the strategic and
operational transformation of the company. Previously, he held
senior finance positions at Parametric Technology, i2, Compaq, and
Digital Equipment Corporation. He earned both his Bachelor of Arts
and Master of Business Administration degrees from Babson
College.
Additionally, Nuance commenced a multi-year organizational and
productivity initiative that is focused on:
- Increasing investments in the company’s growth businesses,
including organizing a separate, reportable segment for its rapidly
growing automotive business;
- Productivity and cost initiatives that build on prior,
successful programs to drive efficiencies across Nuance’s global
operations, that will fund the company’s increasing investments in
conversational AI and enhanced go-to-market resources for its
vertical markets, including automotive, healthcare,
telecommunications and financial services; and,
- Delivering gradual, year-over-year margin
improvements.
“Tom is an accomplished executive who brings excellent business,
financial and operational skills to Nuance,” said Paul Ricci,
chairman and CEO, Nuance. “I’m pleased to welcome him back to
the company, where his extensive knowledge of the organization and
our operations will be instrumental in leading programs that will
enhance our growth and drive efficiency for the business.”
About Nuance Communications, Inc.Nuance
Communications, Inc. is a leading provider of voice and language
solutions for businesses and consumers around the world. Its
technologies, applications and services make the user experience
more compelling by transforming the way people interact with
devices and systems. Every day, millions of users and thousands of
businesses experience Nuance’s proven applications. For more
information, please visit www.nuance.com.
Trademark reference: Nuance and the Nuance logo are registered
trademarks or trademarks of Nuance Communications, Inc. or its
affiliates in the United States and/or other countries. All other
trademarks referenced herein are the property of their respective
owners.
Safe Harbor and Forward-Looking
Statements Statements in this press release regarding
future performance and our management’s future expectations,
beliefs, goals, plans or prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Any statements that are not statements of
historical fact (including statements containing the words
“believes,” “plans,” “anticipates,” “expects,” or “estimates” or
similar expressions) should also be considered to be
forward-looking statements, including Nuance’s expected performance
with respect to the organizational and productivity
initiatives. There are a number of important factors that
could cause actual results or events to differ materially from
those indicated by such forward-looking statements, including but
not limited to our ability to: (i) effectively rationalize our
product portfolio, (ii) identify significant cost synergies and to
develop and execute plans to realize cost synergies; and (iii)
design an optimized organizational and operational model for the
Company; and, with respect to each, our ability to undertake the
changes necessary to realize the operating and margin benefits of
the optimized model in a timely manner; our ability to enhance
revenue growth; and the other factors described in our annual
report on Form 10-K for the fiscal year ended September 30, 2016
and in our most recent quarterly report on Form 10-Q. We
disclaim any obligation to update any forward-looking statements as
a result of developments occurring after the date of this
document.
Contact Information
For InvestorsChristine Marchuska Nuance
Communications, Inc. Tel: 781-565-5000 Email:
christine.marchuska@nuance.com
For MediaRichard Mack Nuance Communications,
Inc. Tel: 781-565-5000 Email: richard.mack@nuance.com
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