KORE Group Holdings, an Internet of Things (IoT) solutions and pioneering IoT hyperscaler, announced on Monday that Bruce Gordon has joined as executive vice president and chief operating officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles.
Most recently, Gordon served as chief executive officer and executive chairman of GeoDigital, a provider of 3D services and geospatial intelligence software. Previously, at ABB Ventyx (formerly Mincom), Gordon served as senior vice president for business solutions. Prior to this, Gordon held roles of chief technology officer at Infor, an enterprise software company, overseeing technology strategy through a significant period of growth which included the acquisition and integration of 27 companies, and chief operating officer at Descartes where he was responsible for a significant business transformation.
“I am thrilled to join KORE and lead our operational strategies during this exciting period of expected growth,” Gordon said in a media statement. “With a focus on innovation and customer-centred solutions, I look forward to working with the talented team at KORE to drive operational excellence and deliver unparalleled value to our customers.”
In his new role as executive vice president and COO of KORE, Gordon will focus on enhancing operational efficiencies, fostering innovation and driving sustainable growth. His leadership will help optimise KORE’s internal processes, leverage human talent and maximise market opportunities to solidify the company’s position as a leader in IoT.
“We are delighted to welcome Bruce to the KORE executive team,” said Ron Totton, interim president and CEO of KORE. “Bruce’s extensive experience and proven track record in transforming organisations and driving growth will be invaluable as we continue to innovate and expand our offerings to meet the evolving needs of our customers.”
In connection with his employment, the company made a grant to Gordon of an aggregate of 100,000 restricted stock units (RSUs), where each RSU represents the right to receive one share of the company’s common stock upon the terms and conditions of the related RSU award agreements. The grant of RSUs was offered as a material inducement to Gordon’s hiring.
The RSUs were granted by the Compensation Committee of KORE’s Board of Directors, in reliance on the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards.
The RSUs were granted outside the KORE Group Holdings, Inc. 2021 Long-Term Stock Incentive Plan, but will be governed by the terms of the Plan as if they were issued under the Plan.
Subject to the terms and conditions of the award agreements, 10,000 RSUs shall vest on the first anniversary of the grant date, 27,500 RSUs shall vest on the second anniversary of the grant date, 27,500 RSUs shall vest on the third anniversary of the grant date, and 35,000 RSUs shall vest on the fourth anniversary of the grant date, subject to Gordon’s continuous employment or service to the company through the applicable vesting date.
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The LoRa Alliance, the global consortium supporting the open LoRaWAN standard for Internet of Things (IoT) low-power wide-area networks (LPWANs), announced on Tuesday that Stefan Lindvall, CEO of MultiTech, has joined its board of directors. His extensive experience and leadership in the IoT industry make him a valuable addition to the LoRa Alliance board.
Under his guidance, MultiTech has consistently demonstrated a commitment to advancing IoT technologies and promoting interoperability, aligning with the goals of the LoRa Alliance.
“IIoT is a huge, growing market actively leveraging robust, open and standards-based networking options suitable for large-scale deployments, like LoRaWAN,” says Donna Moore, CEO and chairwoman of the LoRa Alliance. “For many industrial use cases, LoRaWAN offers the best solution for reliable, secure, scalable and cost-effective communication. It can also be deployed as privately operated networks, a benefit for many customers.
Moore adds that LoRaWAN has become the global standard for low-bandwidth communication in industrial applications by continuing to support innovation, interoperability, security, and scalability. “I am pleased to welcome Stefan to the board to leverage his significant experience and expertise to support our ongoing leadership in this market.”
MultiTech’s addition to the board of directors comes as LoRaWAN’s use in IIoT is rapidly growing and the Alliance looks to strengthen awareness of the technology and its benefits to support industrial applications.
LoRaWAN is a key enabling technology driving the transformation into Industry 5.0 and its embrace of sustainability and humankind. LoRaWAN offers critical benefits like improving efficiency, safety, productivity, and workforce utilisation and satisfaction that will make Industry 5.0 a reality.
“MultiTech has been at the forefront of IoT LoRaWAN innovation, collaborating in the development of open ecosystems without customer lock-ins,” said Lindvall. “This board appointment is an affirmation of our belief in the future of LoRaWAN.”
Lindvall adds, “I am committed to actively contributing to the continued growth, education, awareness and thought leadership to drive the continued growth, standardisation and success of LoRaWAN.”
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