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 percentage4.0%
CEO tenure2.3yrs
CEO ownership1.3%
Management average tenure1.1yrs
Board average tenure4.4yrs

Recent management updates

Recent updates

Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns

Mar 13
Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns

Cerence: Poised For Rebound With Strong Pipeline

Mar 05

Cerence Inc.'s (NASDAQ:CRNC) Shares Lagging The Industry But So Is The Business

Jan 04
Cerence Inc.'s (NASDAQ:CRNC) Shares Lagging The Industry But So Is The Business

Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt

Nov 16
Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt

Cerence (NASDAQ:CRNC) Is Carrying A Fair Bit Of Debt

Aug 18
Cerence (NASDAQ:CRNC) Is Carrying A Fair Bit Of Debt

Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt

May 10
Cerence (NASDAQ:CRNC) Is Making Moderate Use Of Debt

Are Investors Undervaluing Cerence Inc. (NASDAQ:CRNC) By 43%?

Apr 03
Are Investors Undervaluing Cerence Inc. (NASDAQ:CRNC) By 43%?

Cerence's (NASDAQ:CRNC) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Jan 27
Cerence's (NASDAQ:CRNC) Returns On Capital Tell Us There Is Reason To Feel Uneasy

We Think Cerence (NASDAQ:CRNC) Is Taking Some Risk With Its Debt

Jan 05
We Think Cerence (NASDAQ:CRNC) Is Taking Some Risk With Its Debt

Cerence to develop next-generation co-pilot for Renault vehicles

Oct 17

Return Trends At Cerence (NASDAQ:CRNC) Aren't Appealing

Oct 13
Return Trends At Cerence (NASDAQ:CRNC) Aren't Appealing

Cerence: Promising Industry, Vulnerable Company

Sep 23

Bearish: Analysts Just Cut Their Cerence Inc. (NASDAQ:CRNC) Revenue and EPS estimates

Aug 10
Bearish: Analysts Just Cut Their Cerence Inc. (NASDAQ:CRNC) Revenue and EPS estimates

Cerence Q3 2022 Earnings Preview

Aug 08

Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns

Jun 24
Cerence (NASDAQ:CRNC) Hasn't Managed To Accelerate Its Returns

Cerence: Facing Unprecedented Competition From Apple

Jun 10

Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly

May 17
Cerence (NASDAQ:CRNC) Seems To Use Debt Quite Sensibly

Cerence's (NASDAQ:CRNC) Returns Have Hit A Wall

Mar 21
Cerence's (NASDAQ:CRNC) Returns Have Hit A Wall

Headwaters Capital - Cerence Inc.: The Swiss Tech Platform Driving Digital Penetration In Autos

Mar 17

Cerence: Disappointing Guidance But Already Profitable

Mar 06

Analysts Just Made A Major Revision To Their Cerence Inc. (NASDAQ:CRNC) Revenue Forecasts

Feb 13
Analysts Just Made A Major Revision To Their Cerence Inc. (NASDAQ:CRNC) Revenue Forecasts

Here's Why Cerence (NASDAQ:CRNC) Can Manage Its Debt Responsibly

Feb 01
Here's Why Cerence (NASDAQ:CRNC) Can Manage Its Debt Responsibly

Cerence's Artificial Intelligence Assistants Could Make The Share Price Spike Up

Dec 16

Cerence (NASDAQ:CRNC) May Have Issues Allocating Its Capital

Dec 16
Cerence (NASDAQ:CRNC) May Have Issues Allocating Its Capital

CEO Compensation Analysis

How has Stefan Ortmanns's remuneration changed compared to Cerence's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

-US$30m

Sep 30 2023US$14mUS$580k

-US$56m

Jun 30 2023n/an/a

-US$275m

Mar 31 2023n/an/a

-US$358m

Dec 31 2022n/an/a

-US$332m

Sep 30 2022US$5mUS$524k

-US$311m

Jun 30 2022n/an/a

-US$73m

Mar 31 2022n/an/a

US$32m

Dec 31 2021n/an/a

US$44m

Sep 30 2021US$2mUS$360k

US$46m

Jun 30 2021n/an/a

US$46m

Mar 31 2021n/an/a

US$12m

Dec 31 2020n/an/a

US$14m

Sep 30 2020US$7mUS$313k

-US$18m

Jun 30 2020n/an/a

US$69m

Mar 31 2020n/an/a

US$99m

Dec 31 2019n/an/a

US$86m

Sep 30 2019US$4mUS$318k

US$100m

Jun 30 2019n/an/a

US$13m

Mar 31 2019n/an/a

US$18m

Dec 31 2018n/an/a

US$27m

Sep 30 2018US$2mUS$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

NamePositionTenureCompensationOwnership
Stefan Ortmanns
President2.3yrsUS$14.44m1.33%
$ 8.1m
Iqbal Arshad
Executive VP & CTOless than a yearUS$5.72m0.36%
$ 2.2m
Thomas Beaudoin
Executive Officer & Directorno dataUS$6.39m0.18%
$ 1.1m
Daniel Tempesta
Chief Financial Officerno datano datano data
Jennifer Salinas
Senior VP1.9yrsno datano data
Sachin Sahney
Chief Human Resources Officerno datano datano data
Sujal Shah
Head of Professional Services3.2yrsno datano data
Nils Schanz
Chief Product Officer1.4yrsno datano data
Christian Mentz
Chief Revenue Officerless than a yearno datano data
Dennis Close
VP & Treasurerno datano datano data
Nils Lenke
VP & GM of Applicationsno datano datano 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

NamePositionTenureCompensationOwnership
Stefan Ortmanns
President2.3yrsUS$14.44m1.33%
$ 8.1m
Thomas Beaudoin
Executive Officer & Director4.4yrsUS$6.39m0.18%
$ 1.1m
Arun Sarin
Independent Chairman of the Board4.4yrsUS$349.16k0.11%
$ 679.3k
Kristi Matus
Independent Director4.5yrsUS$274.16k0.076%
$ 466.4k
Sanjay Jha
Independent Director4.4yrsUS$266.83k0.089%
$ 546.0k
Douglas Davis
Independent Director1.8yrsUS$259.16k0.040%
$ 243.6k
Alfred Nietzel
Independent Director4.4yrsUS$266.48k0.077%
$ 472.7k
Marianne Budnik
Independent Director4.4yrsUS$259.16k0.089%
$ 546.0k
Marcy Klevorn
Independent Non-Executive Directorless than a yearUS$184.11k0.030%
$ 183.0k

4.4yrs

Average Tenure

61yo

Average Age

Experienced Board: CRNC's board of directors are considered experienced (4.4 years average tenure).


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