KORE recently announced the appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer (COO), effective from 2 July 2024.
Gordon brings more than 30 years of experience in the technology sector, having held several notable leadership roles. Most recently, he was Chief Executive Officer and Executive Chairman of GeoDigital, a provider of 3D services and geospatial intelligence software. Prior to this, he served as Senior Vice President, Business Solutions at ABB Ventyx (formerly Mincom). He has also held the position of Chief Technology Officer at Infor, a leading enterprise software company, where he oversaw technology strategy during a period of significant growth that included the acquisition and integration of 27 companies. Additionally, he was Chief Operating Officer at Descartes, where he led a substantial business transformation.
“I am thrilled to join KORE and lead our operational strategies during this exciting period of expected growth. With a focus on innovation and customer-centered solutions, I look forward to working with the talented team at KORE to drive operational excellence and deliver unparalleled value to our customers,” said Gordon.
As Executive Vice President and COO of KORE, Gordon will concentrate on improving operational efficiencies, fostering innovation, and driving sustainable growth. His leadership is expected to optimise KORE’s internal processes, leverage human talent, and maximise market opportunities to strengthen 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 organizations and driving growth will be invaluable as we continue to innovate and expand our offerings to meet the evolving needs of our customers.”
As part of his employment, the company has granted Gordon a total of 100,000 restricted stock units (RSUs), with each RSU representing the right to receive one share of the company’s common stock under the terms of the related RSU award agreements. The RSUs were awarded as a significant inducement to Gordon’s hiring.
The RSUs were granted by the Compensation Committee of KORE’s Board of Directors, in accordance with the employment inducement exemption under the NYSE’s Listed Company Manual Rule 303A.08, which necessitates public announcement of inducement awards. The company is issuing this press release in compliance with Rule 303A.08. Although the RSUs were granted outside the KORE Group Holdings 2021 Long-Term Stock Incentive Plan (the Plan), they will be governed by the Plan’s terms as if they were issued under it.
According to the terms of the Award Agreements, 10,000 RSUs will vest on the first anniversary of the grant date, 27,500 RSUs on the second anniversary, 27,500 RSUs on the third anniversary, and 35,000 RSUs on the fourth anniversary, contingent on Gordon’s continuous employment or service with the company through the respective vesting dates.
There’s plenty of other editorial on our sister site, Electronic Specifier! Or you can always join in the conversation by commenting below or visiting our LinkedIn page.
