Nuance Communications, Inc. (NASDAQ:NUAN) today announced that its
Board of Directors has unanimously appointed Mark Benjamin as the
new Chief Executive Officer of the Company. Mr. Benjamin, who will
join Nuance on April 23, 2018, is a dynamic leader who brings 25
years of experience in technology markets to the position. He
succeeds Paul Ricci, who will retire from Nuance on March 29, 2018.
A proven leader, Mark Benjamin currently serves as President and
Chief Operating Officer of NCR Corporation (NYSE:NCR), a leading
technology company with software and hardware solutions for
businesses. In his role, Mr. Benjamin is responsible for leading
NCR’s sales, solutions management, business and product
development, services and supply chain operations. Mr. Benjamin has
established himself as a leader and expert in cloud-based services,
software recurring revenue models and go-to-market strategies. He
offers extensive experience in markets, sectors and solutions that
are directly relevant to Nuance, including the cloud,
software-as-a-service, mobile, big data and the Internet of Things
(IoT).
Prior to joining NCR, he spent more than 20 years in various
leadership assignments for Automatic Data Processing, Inc. (ADP).
Most recently, Mr. Benjamin served as the president of ADP’s
Global Enterprise Solutions division, leading a team of 20,000
employees, and managing a multi-billion-dollar portfolio of
businesses serving clients in more than 100 countries. He holds a
bachelor's degree in international finance and marketing from the
University of Miami.
“After a comprehensive search process, on behalf of the Board
and the Company, I am excited to welcome Mark Benjamin as the next
Chief Executive Officer of Nuance,” said Robert Frankenberg, Nuance
director and chair of the CEO Search Committee. “With a
shareholder focus, proven history of results, stellar reputation in
the industry, and wealth of leadership experience, we are confident
that Mark is the right leader for Nuance.”
“I am appreciative to the Board and am honored for the
opportunity to lead this tremendous organization of innovative,
talented and driven professionals,” said Mark Benjamin. “I am
excited to join Nuance at this important moment in the Company’s
history and am eager to work closely with the team. As I look
ahead, I am confident that the Nuance team will continue to deliver
important innovations for our customers and lead this dynamic field
while creating meaningful value for our shareholders.”
Paul Ricci, Nuance CEO, to Retire on March 29,
2018Paul Ricci, who has served as Chairman and Chief
Executive Officer of Nuance Communications since 2000, will retire
on March 29, 2018. Under his leadership, Nuance has evolved
from a $50 million per year imaging software publisher to a
multi-billion dollar leading provider of Conversational AI
solutions, with 14,000 employees worldwide. Mr. Ricci led the
evolution of Nuance with the simple, powerful vision that people
should be able to interact simply and intelligently with the
technology around them, both at work and at home. He turned
this vision into reality by applying voice, language, and
AI-powered solutions to solve complex problems in healthcare,
telecommunications, automotive, financial services, and other
global markets. He led dramatic investment, innovation and
growth initiatives across Nuance’s diverse business with a
combination of strategic, financial and operational capabilities
honed by decades of experience as an accomplished technology
executive.
“On behalf of the Board of Directors and Nuance employees
worldwide, I want to thank Paul for his unwavering dedication,
significant contributions to the Company, and particularly for his
incredible vision for the future of technology,” Mr. Frankenberg
added. “Years ago, he foresaw a world where human speech would be
the natural interface for people and technology. Over the
course of his tenure, he has successfully led this organization
through several important transformations that have turned that
vision into a reality. As a result, Nuance is now positioned
as the world’s leading provider of language and conversational AI
solutions, and has a solid foundation for future growth. We are
grateful to him for his leadership and wish the very best in his
retirement.”
“It has been my privilege to lead Nuance and work with thousands
of colleagues over the last two decades,” said Paul Ricci, Chief
Executive Officer at Nuance. “I am especially proud of the hundreds
of teams and leaders that I’ve seen grow in my time with the
Company. It is their perseverance, their enthusiasm, and their
commitment to building solutions, with real and meaningful impact
for our customers, that has kept this great company at the
forefront of the industry. I am confident that under Mark’s
leadership, they will continue to bring forth leading-edge
solutions, execute on its strategy, and deliver value for all
stakeholders.”
Dan Tempesta, chief financial officer of Nuance, will serve as
interim CEO during the period between Mr. Ricci’s retirement and
Mr. Benjamin commencing his employment.
About Nuance Communications,
Inc.
Nuance Communications, Inc. (NASDAQ:NUAN) is the pioneer and
leader in conversational AI innovations that bring intelligence to
everyday work and life. The company delivers solutions that
can understand, analyze and respond to human language to increase
productivity and amplify human intelligence. With
decades of domain and artificial intelligence expertise, Nuance
works with thousands of organizations – in global industries that
include healthcare, telecommunications, automotive, financial
services, and retail – to create stronger relationships and better
experiences for their customers and workforce. 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.
Contact Information
For Investors and MediaRichard MackNuance Communications,
Inc.Tel: 781-565-5000Email: richard.mack@nuance.com
For InvestorsSuzanne DulongNuance Communications, Inc.Tel:
781-565-5000Email: suzanne.dulong@nuance.com
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/70804e37-a6c1-4461-bf34-3551d79a5a49
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