KORE Group Holdings Appoints Anthony Bellomo as New CFO, Marks a Key Leadership Transition

KORE Welcomes New Chief Financial Officer

KORE Group Holdings, Inc., a frontrunner in the Internet of Things (IoT) solutions industry, has made a significant leadership change with the appointment of Anthony Bellomo as its new Executive Vice President, Chief Financial Officer (CFO), and Treasurer. This transition is part of KORE's ongoing strategy to enhance its financial leadership as the company focuses on expanding its growth and operations.

Welcoming a Financial Leader

On June 2, 2025, KORE's President and CEO Ron Totton expressed enthusiasm about Bellomo joining the team, emphasizing his profound financial expertise and leadership experience within the communications sector. Bellomo is expected to play a crucial role in guiding KORE's financial strategies to ensure profitable growth in an increasingly competitive market.

Prior to joining KORE, Bellomo amassed over 15 years of experience at Mitel Networks Corporation, where he held various financial positions, culminating as Group Vice President, Finance MA and Chief Accounting Officer since 2018. His proven track record in senior financial roles underlines his capacity to contribute significantly to KORE's executive team.

Background and Qualifications

Anthony Bellomo is not only well-versed in financial management, but he is also a Chartered Accountant in Ontario and a Certified Public Accountant in Illinois. He further holds the prestigious Chartered Financial Analyst (CFA) designation, showcasing his commitment to excellence in the financial field. Educationally, Bellomo earned a Bachelor of Mathematics and a Master of Accounting from the University of Waterloo, enhancing his strong academic foundation in finance.

In his professional journey, Bellomo has demonstrated an aptitude for driving financial strategies, operational efficiency, and organizational growth, all of which are critical as KORE navigates new business opportunities in the IoT sector.

Transitioning Leadership

In this reshuffling of leadership, Bellomo succeeds Paul Holtz, who has served as the CFO since 2018 and departed effective May 30, 2025. Holtz is anticipated to assist KORE as a non-executive advisor until the end of June 2025, ensuring a seamless transition of responsibilities and governance. Ron Totton acknowledged Holtz's valuable contributions to KORE and expressed well wishes for his future endeavors.

About KORE

KORE Group Holdings is an industry pioneer revered for its innovative IoT solutions, empowering organizations to enhance operational resilience while simplifying the complexities associated with IoT technology. KORE believes in facilitating business results through its extensive IoT expertise, diverse solutions, and global outreach.

As KORE embraces this leadership change under Bellomo's guidance, the company is strategically positioning itself for possible revenue growth and enhanced profitability, building on a solid foundation set by its previous leadership.

Cautionary Note

This leadership change comes amid an evolving market landscape where strategic foresight and adaptable financial models are essential for sustaining growth. Forward-looking statements regarding anticipated future performance involve risks and uncertainties, underscoring KORE's commitment to navigate these challenges effectively while focusing on its core mission of delivering high-impact IoT solutions.

For more insights about KORE Group Holdings and its innovative offerings, visit korewireless.com.