CEO Ronald Croen to Become Chairman of the Board of Nuance; Company Begins CEO Search; Croen to Continue as CEO Until Successor is Selected and Transition is Complete.Business Editors/High-Tech Writers MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--July 23, 2002 Nuance (Nasdaq:NUAN NUAN New User Action Notation (modeling language) ) today announced that Ronald Croen, president, chief executive officer and founder, will become Chairman of the Board of Directors of Nuance, and plans to step out of the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. role. Croen will continue on a full-time basis as CEO until a successor is identified and the transition is completed. A search for a new chief executive is underway, and Croen is actively participating with Nuance's Board of Directors in the search. Croen has been involved with Nuance as founder and leader for nearly a decade, guiding its incubation at SRI International (company) SRI International - One of the world's largest contract research firms. Founded in 1946 in conjuction with Stanford University as the Stanford Research Institute, they later became fully independent and were incorporated as a non-profit organisation under U.S. and its growth into an industry leader. "We are very grateful for Ron's many accomplishments as CEO," said Alan Herzig, president and CEO of SRI Holdings, Inc., a subsidiary of SRI International, and member of Nuance's Board of Directors. "We believe the company is well positioned to attract a talented successor, and we look forward to Ron's continued leadership as Chairman." "It has been extremely fulfilling to help take our groundbreaking speech technology from a dream in a laboratory to common use in everyday life," said Croen. "The role of CEO is extremely demanding, and as I approach the mark of ten years of service leading this effort day to day, I am looking forward to having the freedom to pursue personal and family interests, as well as taking an active role as Chairman of the Board. I am committed to Nuance's continued success." Nuance has retained premier executive search firm Heidrick and Struggles to conduct the CEO search. About Nuance Nuance speech recognition, voice authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and text-to-speech software is changing the way companies interact with customers over the phone. In markets around the world, leading carriers and corporations -- including British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. , Nomura Securities, OnStar, Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. , Vodafone, and many more -- use Nuance's software to reduce costs, increase customer satisfaction and retention, create new sources of revenue and improve security. Nuance's software powers a range of innovative applications including automated directory assistance, voice-activated dialing, self-service banking and voice-driven customer relationship management. The Company is headquartered in Menlo Park, Calif. and has offices around the world. For more information, visit www.nuance.com or call 1-888-NUANCE-8. This press release contains forward-looking statements, including, for example, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the success of Nuance's business and the company's ability to recruit and hire a new chief executive officer. There is no assurance that the results contemplated by any forward-looking statements will be realized. The following factors, risks and uncertainties, among others, could cause actual results to differ materially from those described or implied in this press release's forward-looking statements: the risk that Nuance's business will not grow or will decline; the risk that the company could encounter delays in recruiting and hiring a new chief executive officer and that those delays could impact the company; and other factors described in Nuance's filings with the Securities and Exchange Commission, including but not limited to Nuance's last-filed annual and quarterly reports on forms 10-K and 10-Q. Nuance does not undertake to update any oral or written forward-looking statements that may be made by or on behalf of Nuance. Note to Editors: Nuance is a registered trademark of Nuance Communications Nuance Communications is a computer software technology company. Their current worldwide headquarters is in Burlington, Massachusetts in the United States. Nuance provides speech and imaging solutions and is mainly known for its speech recognition and speech synthesis software that , Inc. All other trademarks are the property of their respective owners. |
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