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 Independent Executive Search Firm to Assist with the CEO Search Process

• Appoints Two Accomplished Executives with Decades of Experience in Telecommunications and Software to the Board of Directors

Kaleyra, Inc, 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.

Kaleyra 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.

Dr. 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.”

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Dario Calogero commented, “Two decades after building Kaleyra from a start-up to its current status as a global company, I believe that the timing is right to bring in additional leadership to guide Kaleyra through its next phase of growth. I am excited to be able to return more of my focus to the entrepreneurial spirit of the Company as Chief Strategy Officer, while strengthening the leadership team with new energy and ideas by relinquishing my role as CEO. I am extremely proud of the foundation we have built, with a global partner base and an omni-channel suite of powerful, secure and reliable tools to bridge the communication divide between brands and their customers. As a founder, director, Chief Strategy Officer and large shareholder, I look forward to Kaleyra’s bright future.”

Kaleyra also announced today that it has appointed Kathleen Miller and Karin-Joyce (“K.J.”) Tjon as directors to the Company’s Board of Directors, effective immediately. Upon the appointments of Ms. Miller and Ms. Tjon, the Board will consist of eight directors, all of whom, other than Mr. Calogero, will be independent.

“We are excited to welcome Kathy and K.J. to the Kaleyra Board of Directors,” said Dr. Katz. “Both Kathy and K.J. are accomplished executives with decades of experience leading dynamic, high-growth businesses through times of change and transformation. We believe their track records, driving improved sales and profitability, and their deep expertise in telecommunications, SaaS and software will be extremely valuable as we work to become the leading global CPaaS company. We look forward to working with our new directors to unlock and deliver enhanced value for our customers, partners, shareholders and other stakeholders.”

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