Cerence Appoints Industry Veteran Marc Montagner as New CFO
BURLINGTON, Mass., March 14, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has named industry veteran Marc Montagner as its new Chief Financial Officer (CFO), effective April 4, 2022. He will be based in the Cerence Burlington, Massachusetts headquarters and will report to Stefan Ortmanns, Cerence CEO.
Mr. Montagner, who most recently served as CFO at Endurance International, is a proven, global CFO with a superior track record of delivering results and creating value. He is a widely respected, high-impact executive who brings a compelling mix of financial and operational discipline, finely tuned communication skills, and transformational leadership capabilities. As Cerence CFO, he is expected to be a strong partner to the leadership team and the Board of Directors as the company focuses on accelerating growth, improving operating results and creating sustainable, long-term value.
“After a rigorous search process, I’m excited to welcome Marc to Cerence. His impressive background in finance, banking, and business development makes him a great fit as our next CFO," said Stefan Ortmanns, CEO, Cerence. "We enthusiastically welcome him to our team and look forward to his contributions to the strategy, growth, health and future of our exciting business."
“I am excited about the role and look forward to joining at a time of incredible opportunity for Cerence and its many stakeholders,” said Marc Montagner. “I am eager to work with Stefan, his team and the Board and will do my part to help lead a financial, operational and cultural transformation at the company.”
About Marc Montagner
Previously, Mr. Montagner was CFO of LightSquared, a privately held satellite operator where he architected a reorganization plan that recapitalized the company through an approximately $2 billion investment from Fortress, Centerbridge Partners and JP Morgan. Prior to LightSquared, Mr. Montagner was the co-Head of the Telecommunications, Media and Technology M&A Group at Bank of America Merril Lynch. Earlier, he spent approximately eight years in banking with Morgan Stanley including as Managing Director, Media and Telecommunications and then served as Senior Vice President, Corporate Development and M&A at Sprint Nextel Corporation.
Mr. Montagner serves as the Lead Independent Director on the Board of Directors of Cogent Communications (NASDAQ: CCOI) and serves on the Board of Directors of Intelsat Corporation. He earned an MBA degree from Columbia University and master’s degree in electrical engineering from Telecom Paris.
About Cerence Inc.
To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.
Forward Looking Statements
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