Business
Kaleyra Announces CEO Transition Plan and Significant Board Enhancements
Kaleyra Founder and CEO Dario Calogero to Transition to the Company's Chief Strategy Officer Upon the Appointment of His Successor as CEO Board Has Engaged
About this update from Solidion Technology, Inc.
[{"type":"text","content":"Kaleyra Founder and CEO Dario Calogero to Transition to the Company's Chief Strategy Officer Upon the Appointment of His Successor as CEO\nBoard Has Engaged Independent Executive Search Firm to Assist with the CEO Search Process\nAppoints Two Accomplished Executives with Decades of Experience in Telecommunications and Software to the Board of Directors\nNEW YORK, Dec. 12, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) (\"Kaleyra\" or the \"Company\"), an enterprise Communication Platform as a Service (CPaaS) business, today announced a CEO transition plan and significant enhancements to its Board of Directors (the \"Board\") to reposition the Company for sustainable growth and value creation.\n\n \n \n \n \n \n \n\n \nCEO TransitionKaleyra has announced that Mr. Dario Calogero, its founder and Chief Executive Officer, has notified the Board of his intention to step down from his position as CEO of the Company after serving over 20 years in the role. The Board has retained a leading independent executive search firm to assist with the CEO search process. Mr. Calogero will continue his service to the Company as a director and will remain in his role as the Company's CEO to support the leadership transition and ensure continuity and stability until the Board selects a new CEO. Upon the appointment of Mr. Calogero's successor, Mr. Calogero will transition to the newly created role of Chief Strategy Officer, in which he will focus on organic and inorganic growth strategies for the Company.\nDr. Avi Katz, Chairman of Kaleyra's Board, commented, \"On behalf of the Board, I would like to thank Dario for his many years of service to the Company as CEO. Under his leadership, Kaleyra has grown from a small start-up to a leading global 'Communications Platform as a Service' (\"CPaaS\") business with over 600 exceptional employees and 3,000 valued customers and business partners worldwide. Despite the current global economic uncertainty and challenging headwinds, the Board remains confident in the Company's long-term fundamentals. With our recent investments in our partnership pipeline and our technology, the Company can thrive under new leadership. We look forward to a seamless transition and continuing to work with Dario as a member of the Board.\"\nDario Calogero commented, \"Two decades after building Kaleyra from...