01:18 PM EDT, 06/02/2025 (MT Newswires) -- KORE Group ( KORE ) said Monday it appointed Anthony Bellomo as chief financial officer, effective immediately.

He succeeded Paul Holtz, who stepped down as CFO on May 30 but is expected to remain as a non-executive advisor through June 30 to support a smooth transition.

Bellomo joined KORE from Mitel Networks, where he held financial roles, including chief accounting officer, KORE said.

The company's shares rose 6.4% in recent trading.

Price: 2.66, Change: +0.16, Percent Change: +6.44