CCC Names Technology Executive Michael Silva as Chief Commercial and Customer Success Officer

Rhea-AI Summary

CCC Intelligent Solutions Inc. has appointed Michael Silva as Chief Commercial and Customer Success Officer. Silva, previously at Salesforce, brings extensive experience in technology and financial services. His role will focus on driving innovative outcomes for clients in the P&C insurance industry. CCC emphasizes the importance of digitization and AI in addressing macro challenges faced by customers. The company connects over 30,000 businesses, enhancing workflows and customer experiences in the insurance sector. CCC is traded under the ticker CCCS.

Positive

• Appointment of experienced executive Michael Silva expected to enhance client services.
• Silva's background in technology and financial services may drive growth strategies.

Negative

• None.

Seasoned Leader Brings Proven Track Record Delivering Innovative Outcomes for Clients Across Multiple Industries Including Financial Services

CHICAGO--(BUSINESS WIRE)-- CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform for the P&C insurance economy, strengthens its executive team with the appointment of Michael Silva as Chief Commercial and Customer Success Officer. Silva will have overall responsibility to deliver innovative outcomes for CCC’s customers across the P&C insurance economy. Silva joins CCC from Salesforce, where he was responsible for global and enterprise customers in the financial services segment.

“Mike is a solid addition to our leadership team, and I am confident in his ability to support our customers in their efforts to improve performance and deliver better consumer experiences,” said Githesh Ramamurthy, Chairman & CEO of CCC. “Mike brings deep experience and a proven track record as a strategic technology and business leader. This is essential to our customers across the board who are facing a number of macro challenges and see digitization of the industry and the application of AI as critical to meeting the expectations of their end customers.”

Silva joins CCC following successful tenures at several leading technology companies. He most recently served as Senior Vice President, Financial Services at Salesforce. Prior to Salesforce Silva held Senior Vice President and General Manager roles at IBM, Microsoft, and United Health. He has successfully led teams and executed growth strategies delivering several billion dollars of annual revenue. Silva also has P&C insurance operating experience, leading a claims department at Chubb Insurance early in his career.

“I am thrilled to join CCC at this critical time for the industry,” said Silva. “As customers' digital transformation goals accelerate, CCC's innovations and leadership become even more valuable. I look forward to close collaboration with collision repairers, insurers, car makers, lenders, parts suppliers and more to ensure we are helping them stay ahead of the pace of change so they can achieve their visions for the future.”

Learn more about CCC at www.cccis.com.

About CCC

CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS), is a leading SaaS platform for the multi-trillion-dollar P&C insurance economy powering operations for insurers, repairers, automakers, part suppliers, lenders, and more. CCC cloud technology connects more than 30,000 businesses digitizing mission-critical workflows, commerce, and customer experiences. A trusted leader in AI, IoT, customer experience, network and workflow management, CCC delivers innovations that keep people’s 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 and AI solutions. Such differences may be material. 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 most recently filed Form 10-K by CCC with the Securities and Exchange Commission (“SEC”) on March 1, 2022, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018005142/en/

Michelle Hellyar

mhellyar@cccis.com | 773.791.3675

Source: CCC Intelligent Solutions Inc.

FAQ

Who is the new Chief Commercial and Customer Success Officer at CCC Intelligent Solutions?

Michael Silva has been appointed as the Chief Commercial and Customer Success Officer at CCC Intelligent Solutions.

What is CCC Intelligent Solutions' focus area for business improvement?

CCC Intelligent Solutions focuses on delivering innovative outcomes for its clients in the P&C insurance economy.

What is the ticker symbol for CCC Intelligent Solutions Holdings Inc.?

The ticker symbol for CCC Intelligent Solutions Holdings Inc. is CCCS.

What experience does Michael Silva bring to CCC Intelligent Solutions?

Michael Silva brings extensive experience from Salesforce, IBM, Microsoft, and Chubb Insurance to his new role at CCC.

What is the significance of digitization and AI for CCC's customers?

Digitization and AI are critical for CCC's customers to meet their transformation goals in the P&C insurance industry.