KORE CEO Romil Bahl steps down; Ronald Totton named interim CEO effective May 3

KORE Group Holdings, Inc.

Romil Bahl to step down as President and CEO effective May 3, 2024 by mutual agreement with Board; no disagreement over operations.
Ronald Totton appointed interim President and CEO; previously CEO of ST Telemedia Cloud and EVP at BT Global Services.
Totton receives $75k/month salary and 250,000 RSUs vesting in one year or upon termination without cause.
Louise Winstone, EVP and Chief Human Resources Officer, resigns effective May 24, 2024 to pursue another opportunity.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Ronald Totton

Interim President and Chief Executive Officer

KORE · KORE Group Holdings, Inc.

Effective: 2024-05-03
Filed: April 29, 2024, 7:59 PM ET

Effective May 3, 2024, the Board appointed Ronald Totton to serve as interim President and Chief Executive Officer until a permanent President and Chief Executive Officer has been appointed.

Departed

Romil Bahl

President and Chief Executive Officer

KORE · KORE Group Holdings, Inc.

Effective: 2024-05-03
Successor: Ronald Totton
Filed: April 29, 2024, 7:59 PM ET

On April 29, 2024, KORE Group Holdings, Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) and Romil Bahl, its President and Chief Executive Officer, had mutually agreed that Mr. Bahl would step down as President and Chief Executive Officer and a member of the Board, effective as of May 3, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ronald Totton was appointed as Interim President and Chief Executive Officer at KORE Group Holdings, Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

Effective May 3, 2024, the Board appointed Ronald Totton to serve as interim President and Chief Executive Officer until a permanent President and Chief Executive Officer has been appointed.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Romil Bahl departed as President and Chief Executive Officer at KORE Group Holdings, Inc..

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

On April 29, 2024, KORE Group Holdings, Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) and Romil Bahl, its President and Chief Executive Officer, had mutually agreed that Mr. Bahl would step down as President and Chief Executive Officer and a member of the Board, effective as of May 3, 2024.

View on SEC.gov

KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001855457-24-000021

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