BURLINGTON, Mass., November 28, 2017 – Nuance Communications, Inc. (NASDAQ: NUAN) today announced that it has appointed Tom Beaudoin as its executive vice president, Business Transformation. In this role, Mr. Beaudoin will oversee a variety of initiatives intended to fuel the company’s growth by rationalizing its portfolio, identifying cost synergies and optimizing its structure and operations. He reports to Paul Ricci,
Mr. Beaudoin returns to Nuance after two years, where he served as
Additionally, Nuance commenced a multi-year organizational and productivity initiative that is focused on:
- Increasing investments in the company’s growth businesses, including organizing a separate, reportable segment for its rapidly growing automotive business;
- Productivity and cost initiatives that build on prior, successful programs to drive efficiencies across Nuance’s global operations, that will fund the company’s increasing investments in conversational AI and enhanced go-to-market resources for its vertical markets, including automotive, healthcare, telecommunications and financial services; and,
- Delivering gradual, year-over-year margin improvements.
“Tom is an accomplished executive who brings excellent business, financial and operational skills to Nuance,” said Paul Ricci,
About Nuance Communications, Inc.
Nuance Communications, Inc. is a leading provider of voice and language solutions for businesses and consumers around the world. Its technologies,
Trademark reference: Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.
Safe Harbor and Forward-Looking Statements
Statements in this press release regarding future performance and our management’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” or “estimates” or similar expressions) should also be considered to be forward-looking statements, including Nuance’s expected performance with respect to the organizational and productivity initiatives. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including but not limited to our ability to: (i) effectively rationalize our product portfolio, (ii) identify significant cost synergies and to develop and execute plans to realize cost synergies; and (iii) design an optimized organizational and operational model for the Company; and, with respect to each, our ability to undertake the changes necessary to realize the operating and margin benefits of the optimized model in a timely manner; our ability to enhance revenue growth; and the other factors described in our annual report on Form 10-K for the fiscal year ended September 30, 2016 and in our most recent quarterly report on
Form 10-Q. We disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Nuance Communications, Inc.
Nuance Communications, Inc.