KORE Group Holdings, Inc. announced that Tomer Yosef-Or resigned from the Board of Directors of the Company and all committees of the Board. Mr. Yosef-Or did not decide to resign as a result of any disagreement with the Company on any matter relating to the operations, internal controls, policies, or practices of the Company. Upon Mr. Yosef-Or?s resignation and pursuant to that certain Investor Rights Agreement, dated as of September 30, 2021, by and among the Company, Cerberus Telecom Acquisition Holdings, LLC, the ABRY Entities, and certain other parties thereto, the Board appointed Jay M. Grossman as a Director of the Company effective August 17, 2023, to serve until the Annual Meeting of Stockholders of the Company in 2024.

Mr. Grossman is the Chair of ABRY Partners, LLC, a private equity fund, which he joined in 1996. Prior to joining ABRY, Mr. Grossman was Managing Director and co-head of the Media and Entertainment Group at Prudential Securities, Inc., and a member of the corporate finance department of Kidder, Peabody & Company. Mr. Grossman is currently a director of Nexstar Media Group, Inc., where he has served since 1997, and was its Vice President and Assistant Secretary from 1997 until March 2002.

He has been Chair of Nexstar?s Compensation Committee since September 2022. Mr. Grossman also serves as a director of several private companies including Hometown Cable, Grande Communications Networks and RCN Telecom Services. Previously, Mr. Grossman served on the board of directors of a wide variety of companies including Atlantic Broadband, Q9 Networks, Sidera Networks, WideOpenWest Holdings, Consolidated Theaters, Country Road Communications, Monitronics International, Caprock Communications, Cyrus One Networks, Executive Health Resources and Hosted Solutions.

Mr. Grossman received an MBA from Harvard Business School and is an honors graduate of Dickinson College. Mr. Grossman?s qualifications to serve as a member of the Board include his long-term experience as a public company director with Nexstar and his service on the boards of various private companies in diverse industries.