Cerence CTO Iqbal Arshad resigns; CPO Nils Schanz takes expanded role; Q3 guidance reaffirmed

Cerence Inc.

CTO Iqbal Arshad resigns effective July 5, 2024; CPO Nils Schanz assumes CTO responsibilities.
Schanz will lead global technology, engineering, and product development organization.
Company reaffirms Q3 FY2024 revenue guidance of $66M-$72M, GAAP net income ($4M)-$2M, adjusted EBITDA $4.5M-$10.5M.
Schanz previously led development of Mercedes-Benz MBUX system and joined Cerence in Oct 2022.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Iqbal Arshad

Chief Technology Officer

CRNC · Cerence Inc.

Effective: 2024-07-05
Successor: Nils Schanz
Filed: July 2, 2024, 7:59 PM ET

Iqbal Arshad notified the Company of his decision to resign as Chief Technology Officer of the Company.

Role change

Nils Schanz

Chief Technology Officer

CRNC · Cerence Inc.

Effective: 2024-07-05
Filed: July 2, 2024, 7:59 PM ET

Nils Schanz, Chief Product Officer of the Company, will assume the responsibilities of Chief Technology Officer following the departure of Mr. Arshad, effective July 5, 2024. In this expanded role, Mr. Schanz will lead the Company’s global technology, engineering, and product development organization.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Iqbal Arshad departed as Chief Technology Officer at Cerence Inc..

Action: resigned as Chief Technology Officer
Role: Chief Technology Officer

Exact text from the filing

Iqbal Arshad notified the Company of his decision to resign as Chief Technology Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nils Schanz changed role as Chief Technology Officer at Cerence Inc..

Action: assumed additional responsibilities as Chief Technology Officer
Role: Chief Technology Officer

Exact text from the filing

Nils Schanz, Chief Product Officer of the Company, will assume the responsibilities of Chief Technology Officer following the departure of Mr. Arshad, effective July 5, 2024. In this expanded role, Mr. Schanz will lead the Company’s global technology, engineering, and product development organization.

View on SEC.gov

Cerence Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-174406

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