Holtz previously held finance leadership roles with
Technology and SaaS companies, most recently as Interim CFO of
KORE
ATLANTA, March 22,
2022 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:
KORE) (NYSE: KORE WS) ("KORE" or the "Company"), a global
leader in Internet of Things (IoT) solutions and worldwide IoT
Connectivity-as-a-Service ("CaaS"), today announced that
Paul Holtz, who had been serving as
the Company's interim Chief Financial Officer, has been named
KORE's Executive Vice President, Chief Financial Officer and
Treasurer.
After a comprehensive search, we are
pleased to name Paul Holtz as our
CFO going forward.
"After a comprehensive search, we are pleased to name Paul as
our CFO going forward," commented Romil
Bahl, President and CEO of KORE. "Since joining KORE five
years ago, Paul has continually proven his ability to deliver
results and create value across the finance and accounting
functions. As we deliver on our promise to be the pure-play IoT
company helping enable the 'Decade of IoT', I couldn't be more
confident in Paul's ability and his knowledge of our growth
dynamics – and more importantly, in Paul's ability to partner with
me and collaborate with our Executive Leadership Team and Board of
Directors in a constructive and positive way to drive our growth
story."
Mr. Holtz has been serving as interim CFO since November 2021. He joined KORE in March 2017 and holds extensive public company
experience in the technology and SaaS space. Mr. Holtz's role at
KORE has been integral to the Company's focus on service delivery
and the optimization of financial performance. Prior to joining
KORE, Mr. Holtz served in various roles at Blackberry, most
recently as Head of Finance for the office of the Chief Operating
Officer. Mr. Holtz received his bachelor's degree in Business
Administration and Accounting from Wilfrid
Laurier University. He is also a member of the Chartered
Professional Accountants of Canada.
"The Board of Directors is delighted with the appointment of
Paul Holtz as CFO," said
Tim Donahue, Chairman of the Board.
Dr. Cheemin Bo-Linn, KORE Independent Director and Audit Committee
Chair said "having worked directly with Paul, we continue to be
impressed with the performance and expertise that he has
demonstrated in his previous roles." Added Bo-Linn, "being able to
leverage such world-class talent from within KORE
speaks volumes to the depth of talent being developed
across the KORE organization. I look forward to continuing to work
together to deliver shareholder value."
"I am very pleased to accept this role at such an exciting time
for the company," commented Mr. Holtz. "KORE is extremely
well-positioned for growth in the coming decade, and I intend to do
everything in my control to continue to execute on our strategic
growth plans and deliver meaningful results."
About KORE
KORE is a pioneer, leader, and trusted
advisor delivering mission critical IoT solutions and services. We
empower organizations of all sizes to improve operational and
business results by simplifying the complexity of IoT. Our deep IoT
knowledge and experience, global reach, purpose-built solutions,
and deployment agility accelerate and materially impact our
customers' business outcomes. For more information, visit
www.korewireless.com.
Cautionary Note on Forward-Looking Statements
This
press release includes certain statements that are not historical
facts but are forward-looking statements for purposes of the safe
harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as "believe," "may," "will,"
"estimate," "continue," "anticipate," "intend," "expect," "should,"
"would," "plan," "predict," "potential," "seem," "seek," "future,"
"outlook," and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
the Company's plans regarding the transition of CFO duties, the
execution of strategy and future growth and financial results.
These statements are based on various assumptions and on the
current expectations of KORE's management. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as and must not be relied on by any investor or
other person as, a guarantee, an assurance, a prediction or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of KORE. These forward-looking statements are
subject to a number of risks and uncertainties, including general
economic, financial, legal, political and business conditions and
changes in domestic and foreign markets; the potential effects of
COVID-19; risks related to the rollout of KORE's business and the
timing of expected business milestones; changes in the assumptions
underlying KORE's expectations regarding its future business; the
effects of competition on KORE's future business; and the outcome
of judicial proceedings to which KORE is, or may become a party. If
the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that KORE
presently does not know or that KORE currently believes are
immaterial that could also cause actual results to differ
materially from those contained in the forward-looking statements.
In addition, forward-looking statements reflect KORE's
expectations, plans or forecasts of future events and views as of
the date of this press release. KORE anticipate that subsequent
events and developments will cause these assessments to change.
However, while KORE may elect to update these forward-looking
statements at some point in the future, KORE specifically disclaims
any obligation to do so. These forward-looking statements should
not be relied upon as representing KORE's assessments as of any
date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Contacts
KORE
Media and Investors:
Vik Vijayvergiya
Vice President, Investor Relations
investors@korewireless.com
or
Investors:
Matt Glover, Alex Thompson
Gateway Group, Inc.
KORE@gatewayir.com
+1-949-574-3860
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SOURCE KORE Wireless