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    CRNC   US1567271093

CERENCE INC.

(CRNC)
  Report
Delayed Nasdaq  -  04:00:01 2023-01-30 pm EST
24.40 USD   -2.24%
01/26Cerence to Announce Fiscal First Quarter Results on February 8, 2023
AQ
01/12Cerence Inc. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
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01/09Eyeing Continued Global Expansion, BYD Selects Cerence to Power Conversational AI Across its EV Lineup
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Automotive Industry Leader and AI Luminary Nils Schanz Named Chief Product Officer at Cerence

10/27/2022 | 08:02am EST

BURLINGTON, Mass., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced it has named Nils Schanz, a respected and accomplished automotive and AI technology leader and fifteen-year veteran of Daimler and Mercedes-Benz, as the company’s Chief Product Officer. In this role, a first at the company, Mr. Schanz will be responsible for Cerence’s core mobility products, leading its digital cabin strategy, product portfolio, and customer delivery across the company’s global operations.

Mr. Schanz joins Cerence from Mercedes-Benz AG and Daimler, where he developed the highly regarded MBUX (Mercedes-Benz User Experience), the automaker’s intuitive, high-tech multimedia system, and launched other widely acclaimed innovations such as the award-winning MBUX Hyperscreen and the Voice Assistant “Hey Mercedes.” Since 2018, he has served as Global Head of User Interaction & Voice Control, leading a cross-functional team with global responsibility for digital user interface and user experience. Prior to his most recent role, Mr. Schanz held a variety of positions at Daimler and Mercedes-Benz in R&D, Product Management, and Marketing. In addition to his Germany-based roles, he also spent time in Silicon Valley as Director of IoT & Wearables at Mercedes-Benz Research & Development North America.

“I have had the honor and pleasure of working alongside Nils for many years throughout our long-term partnership with Merecedes-Benz. He is an agile, visionary leader who is deeply passionate about everything he does,” said Stefan Ortmanns, CEO, Cerence. “Nils is an esteemed, well-known executive who has driven incredible innovation in our industry and is intimately familiar with Cerence and our portfolio. I look forward to his many contributions and leadership as we advance the future of mobility.”

“I know first-hand that the Cerence team is smart, innovative, and committed to excellence, and I couldn’t be more excited to join at this important time for the company,” said Nils Schanz. “I look forward to bringing my experience in strategy and engineering for the digital cabin to Cerence and further advancing the company’s product excellence and execution to create a safer and more enjoyable journey for all.”

To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.

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, powerful 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 more than 450 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.

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/2771c702-a53d-4b5d-b8ae-743a2f6e04a2


Primary Logo

Nils Schanz Named Chief Product Officer at Cerence

Nils Schanz, a respected and accomplished automotive and AI technology leader and fifteen-year veteran of Daimler and Mercedes-Benz, joins Cerence as the company’s Chief Product Officer.
Source: Cerence Operating Company

2022 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on CERENCE INC.
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Financials (USD)
Sales 2023 281 M - -
Net income 2023 -67,5 M - -
Net Debt 2023 234 M - -
P/E ratio 2023 -14,3x
Yield 2023 -
Capitalization 997 M 997 M -
EV / Sales 2023 4,38x
EV / Sales 2024 3,24x
Nbr of Employees 1 700
Free-Float 98,0%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 24,96 $
Average target price 25,10 $
Spread / Average Target 0,56%
EPS Revisions
Managers and Directors
Stefan Ortmanns Chief Executive Officer & Director
Thomas L. Beaudoin Chief Financial Officer, Director & Executive VP
Arun Sarin Chairman
Prateek Kathpal Chief Technology Officer
Bridget Collins Chief Transformation & Information Officer
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