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CCC Announces Appointment of New Board Member

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CCC Intelligent Solutions Holdings (NASDAQ:CCCS) has appointed Neil de Crescenzo to its Board of Directors. De Crescenzo brings extensive healthcare and technology sector experience, most recently serving as CEO of Optum Insight, a UnitedHealth Group division with $18.5B in revenue until October 2023. Previously, he was CEO of Change Healthcare, where he quadrupled financial performance and led its NASDAQ IPO in 2019. He also held senior positions at Oracle and IBM, where he drove significant growth in healthcare consulting. The appointment aligns with CCC's strategy to strengthen its market position and drive long-term value for stakeholders.

CCC Intelligent Solutions Holdings (NASDAQ:CCCS) ha nominato Neil de Crescenzo nel suo Consiglio di Amministrazione. De Crescenzo porta una vasta esperienza nei settori della sanità e della tecnologia, avendo recentemente ricoperto il ruolo di CEO di Optum Insight, una divisione di UnitedHealth Group con ricavi di 18,5 miliardi di dollari fino a ottobre 2023. In precedenza, è stato CEO di Change Healthcare, dove ha quadruplicato le performance finanziarie e guidato l'IPO di NASDAQ nel 2019. Ha anche ricoperto posizioni di alto livello in Oracle e IBM, dove ha guidato una significativa crescita nella consulenza sanitaria. La nomina è in linea con la strategia di CCC di rafforzare la propria posizione di mercato e generare valore a lungo termine per gli azionisti.

CCC Intelligent Solutions Holdings (NASDAQ:CCCS) ha nombrado a Neil de Crescenzo en su Junta Directiva. De Crescenzo aporta una amplia experiencia en el sector de la salud y la tecnología, habiendo sido recientemente CEO de Optum Insight, una división de UnitedHealth Group con ingresos de 18.5 mil millones de dólares hasta octubre de 2023. Anteriormente, fue CEO de Change Healthcare, donde cuadruplicó el rendimiento financiero y lideró su salida a NASDAQ en 2019. También ocupó puestos de alto nivel en Oracle e IBM, donde impulsó un crecimiento significativo en la consultoría de salud. La designación se alinea con la estrategia de CCC para fortalecer su posición en el mercado y ofrecer valor a largo plazo a los interesados.

CCC Intelligent Solutions Holdings (NASDAQ:CCCS)는 Neil de Crescenzo를 이사회에 임명했습니다. De Crescenzo는 최근까지 2023년 10월까지 185억 달러의 수익을 올린 유나이티드헬스 그룹의 Optum Insight의 CEO로 재직하며 건강 관리 및 기술 부문에서 광범위한 경험을 제공합니다. 이전에는 Change Healthcare의 CEO로 재직하며 재무 성과를 네 배로 늘리고 2019년에 NASDAQ IPO를 이끌었습니다. 그는 또한 Oracle과 IBM에서 고위직을 맡아 건강 관리 컨설팅에서 상당한 성장을 이끌었습니다. 이번 임명은 CCC의 시장 위치를 강화하고 이해관계자에게 장기 가치를 창출하는 전략과 일치합니다.

CCC Intelligent Solutions Holdings (NASDAQ:CCCS) a nommé Neil de Crescenzo au sein de son Conseil d'Administration. De Crescenzo apporte une vaste expérience dans les secteurs de la santé et de la technologie, ayant récemment occupé le poste de PDG d'Optum Insight, une division de UnitedHealth Group avec des revenus de 18,5 milliards de dollars jusqu'en octobre 2023. Auparavant, il était PDG de Change Healthcare, où il a quadruplé la performance financière et dirigé l'introduction en bourse sur le NASDAQ en 2019. Il a également occupé des postes de direction chez Oracle et IBM, où il a favorisé une croissance significative dans le domaine du conseil en santé. Cette nomination s'inscrit dans la stratégie de CCC de renforcer sa position sur le marché et de créer de la valeur à long terme pour ses parties prenantes.

CCC Intelligent Solutions Holdings (NASDAQ:CCCS) hat Neil de Crescenzo in seinen Vorstand berufen. De Crescenzo bringt umfassende Erfahrungen im Gesundheits- und Technologiesektor mit, zuletzt als CEO von Optum Insight, einer Division der UnitedHealth Group mit einem Umsatz von 18,5 Milliarden Dollar bis Oktober 2023. Zuvor war er CEO von Change Healthcare, wo er die Finanzperformance vervierfacht und den NASDAQ-IPO im Jahr 2019 geleitet hat. Außerdem hatte er führende Positionen bei Oracle und IBM inne, wo er erhebliches Wachstum im Bereich Gesundheitsberatung erzielte. Die Ernennung steht im Einklang mit der Strategie von CCC, seine Marktposition zu stärken und langfristigen Wert für die Stakeholder zu schaffen.

Positive
  • Appointment of experienced executive with proven track record in scaling technology companies
  • New board member has successfully led $18.5B revenue division at UnitedHealth Group
  • Demonstrated success in value creation, quadrupling financial performance at previous company
  • Experience in successful IPO execution and public company leadership
Negative
  • None.

Healthcare and Technology Executive Neil de Crescenzo Brings Decades of Experience in Scaling Technology and Value Creation

CHICAGO--(BUSINESS WIRE)-- CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform provider powering the P&C insurance economy, is pleased to announce the appointment of Neil de Crescenzo to its Board of Directors. Mr. de Crescenzo brings decades of expertise in the healthcare and technology sectors and proven success in deploying technology at scale across industries. His addition strengthens CCC’s commitment to bolstering its market position and driving long-term value for all stakeholders.

“We are thrilled to welcome Neil to our Board as an independent director,” said Githesh Ramamurthy, Chairman and CEO of CCC. “Neil has an exceptional track record in creating material value through the delivery of technology in markets critical to CCC’s growth strategy. He brings valuable insights that align with CCC’s mission to deliver intelligent solutions that empower our customers to operate at the speed of change in an ever-evolving industry. His perspective will enhance our ability to serve clients, expand into new markets, and fuel our next phase of growth.”

Mr. de Crescenzo has been a CEO and senior executive leading some of the largest and most impactful organizations in the global healthcare information technology industry. Most recently and up until October 2023, Mr. de Crescenzo was CEO of Optum Insight, a division of UnitedHealth Group with $18.5 billion in revenue.

Prior to Optum’s acquisition of Change Healthcare, Mr. de Crescenzo served as Change Healthcare’s CEO, where he nearly quadrupled the company’s financial performance and led the company through its NASDAQ IPO in 2019.

Previously, Mr. de Crescenzo held senior roles at Oracle, where he led global teams across life sciences and healthcare, and at IBM, where he drove double-digit growth in healthcare consulting.

“I’m honored to join CCC’s journey at such a pivotal time,” said de Crescenzo. “Githesh and the CCC team have built a tremendous business with exciting prospects for growth and transformation, and a long history of driving meaningful impact for clients and stakeholders.”

The addition of Mr. de Crescenzo reflects CCC’s commitment to building a Board of Directors with experienced and forward-thinking leaders to support the company’s vision for growth and market expansion.

About CCC

CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading cloud platform provider for the multi-trillion-dollar P&C insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at www.cccis.com.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding future use and performance of CCC’s digital solutions. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, competition, including technological advances and new products marketed by competitors; changes to applicable laws and regulations; and other risks and uncertainties, including those included under the header “Risk Factors” in CCC’s filings with the Securities and Exchange Commission (“SEC”), including the Form 10-K filed February 28, 2024, which can be obtained, without charge, at the SEC’s website (www.sec.gov). The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

CCC Media Contact: Laura Weber

lweber@cccis.com | 773.960.7144

Source: CCC Intelligent Solutions Inc.

FAQ

Who is the new board member appointed to CCC Intelligent Solutions (CCCS)?

Neil de Crescenzo, former CEO of Optum Insight and Change Healthcare, was appointed to CCC's Board of Directors.

What is Neil de Crescenzo's most recent executive position before joining CCCS board?

De Crescenzo served as CEO of Optum Insight, a UnitedHealth Group division with $18.5 billion in revenue, until October 2023.

What were Neil de Crescenzo's achievements at Change Healthcare before joining CCCS?

At Change Healthcare, de Crescenzo quadrupled the company's financial performance and led its successful NASDAQ IPO in 2019.

What is the strategic significance of de Crescenzo's appointment to CCCS?

His appointment strengthens CCC's market position and brings valuable expertise in scaling technology and creating value across industries.

CCC Intelligent Solutions Holdings Inc.

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