The latest announcement is out from Cerence (CRNC).
Cerence Inc. has announced the appointment of Daniel Tempesta as its new Chief Financial Officer, effective March 18, 2024. Tempesta, with a wealth of experience from his previous role at Nuance Communications and earlier positions at Teradyne and PricewaterhouseCoopers, will earn a base salary of $500,000 and be eligible for additional incentives, including a Short Term Incentive Plan and equity awards. His compensation package also includes substantial severance benefits and the potential for accelerated vesting of equity awards, depending on the circumstances of any termination. This strategic move is expected to bolster Cerence Inc.’s financial leadership as they continue to navigate the dynamic market landscape.
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