KORE’s CFO Pamnani departs and Holtz is appointed interim chief financial officer

Atlanta, GA. USA. – KORE Group Holdings, Inc. a global provider of Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), reports that Paul Holtz, SVP of corporate performance, planning and analytics, has been named as interim chief financial officer, while KORE identifies a permanent successor.

He succeeds Puneet Pamnani, CFO, who is stepping down to pursue other opportunities. Pamnani joined KORE in January 2018. Pamnani will continue as an employee of KORE through at least February 28, 2022 and will be available to support the transition. With a view to evaluate external and internal candidates, KORE has initiated a search with a recognised executive search firm for a CFO to execute on the company’s long-term growth plans.

Paul Holtz

Holtz moved to KORE in 2017 and has public company experience in the technology and Software-as-a-Service (SaaS) space. He was appointed SVP of corporate performance, planning, and analytics in April 2019. Paul Holtz’s role at KORE was recently expanded to support the company’s focus on service delivery and to help optimise financial performance. Prior to joining KORE, Holtz served in various roles at Blackberry, most recently as head of finance for the office of COO.

Romil Bahl

“I appreciate Puneet’s hard work and contributions to KORE through the three and a half years he was here, including our journey to listing on the NYSE,” says KORE president and CEO, Romil Bahl. “As we begin the process of identifying his successor, I am pleased that our focus on succession planning has us well positioned internally. I have tremendous confidence in Paul’s ability to help KORE continue its exciting growth trajectory, and he will undoubtedly be a strong candidate for the permanent job.”

Puneet Pamnani

“My mandate as CFO was to help take the company public, and I enjoyed the journey and challenges of doing so with our team,” says Pamnani. “As Romil and I discussed my personal and professional goals as well as the company’s evolving needs, we determined that now is a logical point to transition to the next phase of financial leadership. KORE is very well positioned for growth, and I am grateful to have had the opportunity to work alongside a world-class team under Romil’s strong leadership.”

KORE delivers mission-critical IoT solutions and services. It aims to empower organisations of all sizes to improve operational and business results by simplifying the complexity of IoT. 

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

RECENT ARTICLES

Thailand marine department to deploy several thousand Globalstar SPOT Gen4 satellite trackers via Thaicom to safeguard island visitors

Posted on: June 30, 2022

Dublin, Ireland. 30 June, 2022 – Globalstar Europe satellite services ltd, a wholly owned subsidiary of Globalstar Inc., and a provider in satellite messaging, IoT, and emergency notification technologies, announces that SPOT Gen4 satellite messengers will be deployed by Thailand Marine Department to provide safety and security for all travellers on and around the island

Read more

BigChange elevates green ambitions for VM Elevators

Posted on: June 30, 2022

Leeds, United Kingdom. 29 June, 2022 – VM Elevators, independent lift and escalator services provider, is boosting its green credentials using BigChange job management software. Using the cloud based platform, VME delivers 100% of its client reports electronically and has moved its business to an entirely paperless system. Intelligent scheduling and routing, and collaboration with

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox