Business
Cerence Announces Expanded Role for Chief Product Officer Nils Schanz
Schanz to Assume Chief Technology Officer ResponsibilitiesCompany Reaffirms Third Quarter Fiscal 2024 Guidance BURLINGTON, Mass., July 02, 2024 (GLOBE
About this update from Cerence Inc.
[{"type":"text","content":"Schanz to Assume Chief Technology Officer ResponsibilitiesCompany Reaffirms Third Quarter Fiscal 2024 Guidance BURLINGTON, Mass., July 02, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that as part of its ongoing transformation efforts, Chief Product Officer Nils Schanz has been appointed to an expanded leadership role. In addition to leading the company’s core product strategy, portfolio and global customer delivery as Chief Product Officer, Mr. Schanz will assume the responsibilities of Chief Technology Officer following the departure of Iqbal Arshad, effective July 5, 2024. In this expanded role, Mr. Schanz will now lead Cerence’s global technology, engineering, and product development organization, creating enhanced alignment across innovation, product, and customer delivery and further positioning Cerence to meet the current and future needs of its customers. A Media Snippet accompanying this announcement is available by clicking on this link. “As Chief Product Officer, Nils has been a driving force behind our continued innovation across our core products and new generative AI portfolio. He was instrumental to launching Cerence Chat Pro, our uniquely intelligent, automotive-grade ChatGPT integration that has quickly been adopted by Volkswagen, Audi, and others, as well as generative AI-powered Cerence Car Knowledge,” said Stefan Ortmanns, CEO, Cerence. “Our product and technology teams already work closely together to create immersive, AI-powered experiences for our customers and their drivers. We believe that further aligning these teams will help us build on the progress made to deliver on our generative AI roadmap and customer commitments, as well as the development of our next-generation AI platform.” Mr. Ortmanns added, “On behalf of the Board and management team, I thank Iqbal for his significant contributions and leadership and wish him the best in his future endeavors.” “It is a privilege to take on this additional responsibility at an important time for the company,” said Nils Schanz, Chief Product Officer, Cerence. “Bringing our product and technology teams together reflects how we’ve already been operating as a company to seamlessly deliver for our customers. We have a strong team in place, and I look forward to continuing to advance our strategy and execute on ou...