Cerence Names Daniel Tempesta as Chief Financial Officer
March 04 2024 - 8:00AM
Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today
announced that it has appointed Daniel Tempesta as its new Chief
Financial Officer (CFO), effective March 18, 2024. Mr. Tempesta
brings more than 30 years of financial and operational excellence,
as well as extensive knowledge of Cerence from his previous role as
CFO of Nuance Communications Inc. (“Nuance”). As Cerence’s CFO, Mr.
Tempesta will be focused on accelerating growth, improving
operating results, and driving sustainable, long-term value.
Mr. Tempesta joins Cerence after more than 15 years at Nuance,
where he most recently served as EVP & CFO from July 2015 until
December 2023, including through the acquisition of Nuance by
Microsoft. In this role, Mr. Tempesta oversaw all finance and
accounting operations, as well as tax, treasury, investor
relations, order management, and procurement. During his tenure at
Nuance, Mr. Tempesta held numerous senior finance roles, including
chief accounting officer and senior vice president of finance.
Prior to Nuance, he was the corporate controller and chief
accounting officer at Teradyne, and previously held a number of
roles at PwC. Mr. Tempesta holds a business administration and
accounting degree from the Isenberg School of Management at the
University of Massachusetts Amherst.
“Dan is an accomplished finance executive who brings extensive
technology expertise and deep understanding of Cerence and our
business to his new role,” said Stefan Ortmanns, CEO, Cerence.
“With his proven track record of strong leadership and his
experience in the space, I and the Cerence leadership team look
forward to Dan’s partnership and contributions at this important
moment in Cerence’s growth.”
“I am honored to join Cerence at this exciting time, as the
company embarks upon the next phase of its journey to revolutionize
the user experience in the car and across transportation,” said
Daniel Tempesta. “Having spent the last 15 years deeply entrenched
in voice and AI technologies, I am excited about the path that lies
ahead for Cerence, and I look forward to leveraging my knowledge of
the industry and Cerence’s business to help drive excellence in our
operations and execution.”
Mr. Tempesta replaces Tom Beaudoin, who has served on Cerence’s
Board of Directors since October 2019 and as Cerence’s CFO since
May 2022. Mr. Beaudoin will remain an employee through April
30, 2024 to ensure a smooth transition of responsibilities to the
new CFO. Mr. Beaudoin will retain his seat on Cerence’s Board of
Directors.
To learn more about Cerence, visit www.cerence.com, and follow
the company on LinkedIn and Twitter.
Forward Looking StatementsStatements in this
press release regarding: Cerence’s future performance, results and
financial condition; expected growth; strategy; opportunities;
business, industry and market trends; and management’s future
expectations, estimates, assumptions, 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,” “intends” or “estimates” or similar expressions) should
also be considered to be forward-looking statements. Although we
believe forward-looking statements are based upon reasonable
assumptions, such statements involve known and unknown risk,
uncertainties and other factors, which may cause actual results or
performance of the company to be materially different from any
future results or performance expressed or implied by such
forward-looking statements including but not limited to: the highly
competitive and rapidly changing market in which we operate;
adverse conditions in the automotive industry, the related supply
chain and semiconductor shortage, or the global economy more
generally; the impacts of the COVID-19 pandemic on our and our
customers’ businesses; the impact of the war in Ukraine, conflict
between Israel and Hamas and attacks on commercial ships in the Red
Sea by the Houthi groups on our and our customers’ businesses; our
ability to control and successfully manage our expenses and cash
position; escalating pricing pressures from our customers; the
impact on our business of the transition to a lower level of fixed
contracts, including the failure to achieve such a transition; our
failure to win, renew or implement service contracts; the
cancellation or postponement of existing contracts; the loss of
business from any of our largest customers; effects of customer
defaults; our inability to successfully introduce new products,
applications and services; our strategies to increase cloud
offerings and deploy generative AI and large language models
(LLMs), the inability to recruit and retain qualified personnel;
disruptions arising from transitions in management personnel;
cybersecurity and data privacy incidents; fluctuating currency
rates and interest rates; inflation; and the other factors
discussed in our most recent Quarterly Report on Form 10-Q, Annual
Report on Form 10-K and other filings with the Securities and
Exchange Commission. We disclaim any obligation to update any
forward-looking statements as a result of developments occurring
after the date of this document.
About Cerence Inc.Cerence (NASDAQ:
CRNC) is the global industry leader in creating unique, moving
experiences for the mobility world. As an innovation partner to the
world’s leading automakers and mobility OEMs, it is helping advance
the future of connected mobility through intuitive, AI-powered
interaction between humans and their vehicles, connecting
consumers’ digital lives to their daily journeys no matter where
they are. Cerence’s track record is built on more than 20 years of
knowledge and 475 million cars shipped with Cerence technology.
Whether it’s connected cars, autonomous driving, e-vehicles, or
two-wheelers, Cerence is mapping the road ahead. For more
information, visit www.cerence.com. Contact
Information
Investors: Rich Yerganian | Tel: 617-987-4799 |
Email: richard.yerganian@cerence.com
Media: Kate Hickman | Tel: 339-215-4583 |
Email: kate.hickman@cerence.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c5fa4b2-2da4-49e4-8c01-1489e6653687
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