KORE Group Holdings (KORE) has issued an announcement.
KORE Group Holdings, Inc. announced a significant leadership change with President and CEO Romil Bahl stepping down by mutual agreement, effective May 3, 2024. The departure is not due to any operational disagreements. Ronald Totton will take over as the interim President and CEO while the Board searches for a permanent replacement. Totton brings a wealth of experience from various roles in telecom and financial services sectors and will receive a competitive compensation package, including a substantial stock unit award. Concurrently, Executive VP and Chief HR Officer Louise Winstone resigned to pursue a new opportunity, with her responsibilities being absorbed by the existing team.
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