AI company Cerence, Inc. (CRNC) announced Monday that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and resigning as a member of the Board.
Krzanich is a seasoned executive with a track record of success at global public organizations. Most recently, he served as CEO of CDK Global Inc. from 2018 to 2022.
Before CDK, Krzanich spent 36 years at Intel, including as CEO from 2013 to 2018. During his tenure, he led Intel into emerging areas ranging from cloud computing and artificial intelligence to autonomous driving as the business scaled from $52 billion to more than $70 billion in revenue.
The company also reaffirmed its fourth quarter fiscal 2024 guidance for a net loss in the range of $32 million to $28 million on revenues between $44 million and $50 million.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.