KORE Names Paul Holtz as Chief Monetary Officer


Holtz beforehand held finance management roles with expertise and SaaS firms, most just lately as Interim CFO of KORE

ATLANTA, March 22, 2022 — KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) (“KORE” or the “Firm”), a worldwide chief in Web of Issues (IoT) options and worldwide IoT Connectivity-as-a-Service (“CaaS”), at present introduced that Paul Holtz, who had been serving because the Firm’s interim Chief Monetary Officer, has been named KORE’s Govt Vice President, Chief Monetary Officer, and Treasurer.

“After a complete search, we’re happy to call Paul as our CFO going ahead,” commented Romil Bahl, President and CEO of KORE. “Since becoming a member of KORE 5 years in the past, Paul has frequently confirmed his means to ship outcomes and create worth throughout the finance and accounting capabilities. As we ship on our promise to be the pure-play IoT firm serving to allow the ‘Decade of IoT’, I couldn’t be extra assured in Paul’s means and his information of our progress dynamics – and extra importantly, in Paul’s means to companion with me and collaborate with our Govt Management Group and Board of Administrators in a constructive and constructive method to drive our progress story.”

Mr. Holtz has been serving as interim CFO since November 2021. He joined KORE in March 2017 and holds intensive public firm expertise within the expertise and SaaS house. Mr. Holtz’s position at KORE has been integral to the Firm’s give attention to service supply and the optimization of monetary efficiency. Previous to becoming a member of KORE, Mr. Holtz served in varied roles at Blackberry, most just lately as Head of Finance for the workplace of the Chief Working Officer. Mr. Holtz acquired his bachelor’s diploma in Enterprise Administration and Accounting from Wilfrid Laurier College. He’s additionally a member of the Chartered Skilled Accountants of Canada

“The Board of Administrators is delighted with the appointment of Paul Holtz as CFO,” stated Tim Donahue, Chairman of the Board. Dr. Cheemin Bo-Linn, KORE Impartial Director and Audit Committee Chair stated “having labored immediately with Paul, we proceed to be impressed with the efficiency and experience that he has demonstrated in his earlier roles.” Added Bo-Linn, “with the ability to leverage such world-class expertise from inside KORE speaks volumes to the depth of expertise being developed throughout the KORE group. I sit up for persevering with to work collectively to ship shareholder worth.”

“I’m more than happy to just accept this position at such an thrilling time for the corporate,” commented Mr. Holtz. “KORE is extraordinarily well-positioned for progress within the coming decade, and I intend to do the whole lot in my management to proceed to execute on our strategic progress plans and ship significant outcomes.”

About KORE
KORE is a pioneer, chief, and trusted advisor delivering mission-critical IoT options and providers. We empower organizations of all sizes to enhance operational and enterprise outcomes by simplifying the complexity of IoT. Our deep IoT information and expertise, world attain, purpose-built options, and deployment agility speed up and materially affect our prospects’ enterprise outcomes. For extra info, go to www.korewireless.com.

Cautionary Word on Ahead-Wanting Statements
This press launch consists of sure statements that aren’t historic info however are forward-looking statements for functions of the secure harbor provisions beneath america Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements usually are accompanied by phrases akin to “consider,” “might,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “count on,” “ought to,” “would,” “plan,” “predict,” “potential,” “appear,” “search,” “future,” “outlook,” and related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embody, however will not be restricted to, the Firm’s plans concerning the transition of CFO duties, the execution of technique and future progress and monetary outcomes. These statements are based mostly on varied assumptions and on the present expectations of KORE’s administration. These forward-looking statements are supplied for illustrative functions solely and will not be meant to function and should not be relied on by any investor or different individual as, a assure, an assurance, a prediction or a definitive assertion of reality or likelihood. Precise occasions and circumstances are tough or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of KORE. These forward-looking statements are topic to quite a lot of dangers and uncertainties, together with common financial, monetary, authorized, political and enterprise situations and adjustments in home and overseas markets; the potential results of COVID-19; dangers associated to the rollout of KORE’s enterprise and the timing of anticipated enterprise milestones; adjustments within the assumptions underlying KORE’s expectations concerning its future enterprise; the consequences of competitors on KORE’s future enterprise; and the result of judicial proceedings to which KORE is, or might turn out to be a celebration. If the dangers materialize or assumptions show incorrect, precise outcomes might differ materially from the outcomes implied by these forward-looking statements. There could also be extra dangers that KORE presently doesn’t know or that KORE at the moment believes are immaterial that might additionally trigger precise outcomes to vary materially from these contained within the forward-looking statements. As well as, forward-looking statements mirror KORE’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. KORE anticipate that subsequent occasions and developments will trigger these assessments to alter. Nevertheless, whereas KORE might elect to replace these forward-looking statements sooner or later sooner or later, KORE particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing KORE’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.

Contacts
KORE
Media and Buyers:
Vik Vijayvergiya
Vice President, Investor Relations
[email protected]

or

Buyers:
Matt Glover, Alex Thompson
Gateway Group, Inc.
[email protected]
+1-949-574-3860



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