Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 20, 2021, Cerberus Telecom Acquisition Corp. (the "Company")
announced the appointment of Mr. Timothy Kasbe as a new director of the Company.
Mr. Kasbe has been appointed to serve on the audit committee, the nominating
committee and the compensation committee of the Company, with such appointment
effective upon him becoming a director of the Company.
Mr. Kasbe has served as a Director and the President of Zoho Corporation Pty
Ltd. ("Zoho"), a leading SAAS and PAAS company that operates in over 180
countries, since 2018. Prior to Zoho, from 2016 to 2017, Mr. Kasbe served as the
Chief Information and Digital Officer of The Warehouse Group. Mr. Kasbe has
served as the Chief Information Officer of various companies, managing large
multi-billion budgets and over approximately 26,000 technologists supporting
businesses across retail, finance and high-tech. In 2007, Mr. Kasbe was named by
CIO 100 as one of their Most Innovative CIOs and Influential CIOs. Mr. Kasbe was
a distinguished visiting scholar at Stanford University from 2011 to 2018 and
completed doctoral studies in ethics of Artificial Intelligence (AI) at Duke
University in May 2020. Mr. Kasbe also serves on the board of Cargo Services Far
East, Hong Kong and Tamr, Inc.
The board of directors of the Company has affirmatively determined that
Mr. Kasbe meets the applicable standards for an independent director under both
the rules of the New York Stock Exchange and Rule 10A-3 under the Securities
Exchange Act of 1934.
Mr. Kasbe will not be compensated by the Company for his services as a director
and has not entered into an employment agreement with the Company.
In connection with this appointment, Mr. Kasbe is expected to enter into an
indemnity agreement and a letter agreement with the Company on the same terms as
the indemnity agreements and letter agreement entered into by the directors and
officers of the Company at the time of the Company's initial public offering.
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