Cerence Management
Management criteria checks 1/4
Cerence's CEO is Stefan Ortmanns, appointed in Dec 2021, has a tenure of 2.25 years. total yearly compensation is $14.44M, comprised of 4% salary and 96% bonuses, including company stock and options. directly owns 1.33% of the company’s shares, worth $8.10M. The average tenure of the management team and the board of directors is 1.1 years and 4.4 years respectively.
Key information
Stefan Ortmanns
Chief executive officer
US$14.4m
Total compensation
CEO salary percentage | 4.0% |
CEO tenure | 2.3yrs |
CEO ownership | 1.3% |
Management average tenure | 1.1yrs |
Board average tenure | 4.4yrs |
Recent management updates
Recent updates
Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns
Mar 13Cerence: Poised For Rebound With Strong Pipeline
Mar 05Cerence Inc.'s (NASDAQ:CRNC) Shares Lagging The Industry But So Is The Business
Jan 04Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt
Nov 16Cerence (NASDAQ:CRNC) Is Carrying A Fair Bit Of Debt
Aug 18Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt
May 10Are Investors Undervaluing Cerence Inc. (NASDAQ:CRNC) By 43%?
Apr 03Cerence's (NASDAQ:CRNC) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Jan 27We Think Cerence (NASDAQ:CRNC) Is Taking Some Risk With Its Debt
Jan 05Cerence to develop next-generation co-pilot for Renault vehicles
Oct 17Return Trends At Cerence (NASDAQ:CRNC) Aren't Appealing
Oct 13Cerence: Promising Industry, Vulnerable Company
Sep 23Bearish: Analysts Just Cut Their Cerence Inc. (NASDAQ:CRNC) Revenue and EPS estimates
Aug 10Cerence Q3 2022 Earnings Preview
Aug 08Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns
Jun 24Cerence: Facing Unprecedented Competition From Apple
Jun 10Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly
May 17Cerence's (NASDAQ:CRNC) Returns Have Hit A Wall
Mar 21Headwaters Capital - Cerence Inc.: The Swiss Tech Platform Driving Digital Penetration In Autos
Mar 17Cerence: Disappointing Guidance But Already Profitable
Mar 06Analysts Just Made A Major Revision To Their Cerence Inc. (NASDAQ:CRNC) Revenue Forecasts
Feb 13Here's Why Cerence (NASDAQ:CRNC) Can Manage Its Debt Responsibly
Feb 01Cerence's Artificial Intelligence Assistants Could Make The Share Price Spike Up
Dec 16Cerence (NASDAQ:CRNC) May Have Issues Allocating Its Capital
Dec 16CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Dec 31 2023 | n/a | n/a | -US$30m |
Sep 30 2023 | US$14m | US$580k | -US$56m |
Jun 30 2023 | n/a | n/a | -US$275m |
Mar 31 2023 | n/a | n/a | -US$358m |
Dec 31 2022 | n/a | n/a | -US$332m |
Sep 30 2022 | US$5m | US$524k | -US$311m |
Jun 30 2022 | n/a | n/a | -US$73m |
Mar 31 2022 | n/a | n/a | US$32m |
Dec 31 2021 | n/a | n/a | US$44m |
Sep 30 2021 | US$2m | US$360k | US$46m |
Jun 30 2021 | n/a | n/a | US$46m |
Mar 31 2021 | n/a | n/a | US$12m |
Dec 31 2020 | n/a | n/a | US$14m |
Sep 30 2020 | US$7m | US$313k | -US$18m |
Jun 30 2020 | n/a | n/a | US$69m |
Mar 31 2020 | n/a | n/a | US$99m |
Dec 31 2019 | n/a | n/a | US$86m |
Sep 30 2019 | US$4m | US$318k | US$100m |
Jun 30 2019 | n/a | n/a | US$13m |
Mar 31 2019 | n/a | n/a | US$18m |
Dec 31 2018 | n/a | n/a | US$27m |
Sep 30 2018 | US$2m | US$316k | US$6m |
Compensation vs Market: Stefan's total compensation ($USD14.44M) is above average for companies of similar size in the US market ($USD3.30M).
Compensation vs Earnings: Stefan's compensation has increased whilst the company is unprofitable.
CEO
Stefan Ortmanns (59 yo)
2.3yrs
Tenure
US$14,438,733
Compensation
Dr. Stefan Ortmanns serves as President, Chief Executive Officer and Director at Cerence Inc. since December 15, 2021 and also served as its Principal Financial Officer and Principal Accounting Officer unt...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 2.3yrs | US$14.44m | 1.33% $ 8.1m | |
Executive VP & CTO | less than a year | US$5.72m | 0.36% $ 2.2m | |
Executive Officer & Director | no data | US$6.39m | 0.18% $ 1.1m | |
Chief Financial Officer | no data | no data | no data | |
Senior VP | 1.9yrs | no data | no data | |
Chief Human Resources Officer | no data | no data | no data | |
Head of Professional Services | 3.2yrs | no data | no data | |
Chief Product Officer | 1.4yrs | no data | no data | |
Chief Revenue Officer | less than a year | no data | no data | |
VP & Treasurer | no data | no data | no data | |
VP & GM of Applications | no data | no data | no data |
1.1yrs
Average Tenure
60yo
Average Age
Experienced Management: CRNC's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 2.3yrs | US$14.44m | 1.33% $ 8.1m | |
Executive Officer & Director | 4.4yrs | US$6.39m | 0.18% $ 1.1m | |
Independent Chairman of the Board | 4.4yrs | US$349.16k | 0.11% $ 679.3k | |
Independent Director | 4.5yrs | US$274.16k | 0.076% $ 466.4k | |
Independent Director | 4.4yrs | US$266.83k | 0.089% $ 546.0k | |
Independent Director | 1.8yrs | US$259.16k | 0.040% $ 243.6k | |
Independent Director | 4.4yrs | US$266.48k | 0.077% $ 472.7k | |
Independent Director | 4.4yrs | US$259.16k | 0.089% $ 546.0k | |
Independent Non-Executive Director | less than a year | US$184.11k | 0.030% $ 183.0k |
4.4yrs
Average Tenure
61yo
Average Age
Experienced Board: CRNC's board of directors are considered experienced (4.4 years average tenure).