Kaleyra, Inc. 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.