Pareteum Corporation announced a CEO transition and a restructuring of its leadership team. Robert H. Turner has been terminated as Chairman and CEO of Pareteum. Bart Weijermars has been appointed Interim CEO, and Independent Director Mary Beth Vitale has been appointed interim Chairman of the Board for the transition period.

The changes were effective November 22, 2019. Pareteum is actively restructuring Board and leadership roles to drive results while simultaneously enhancing internal processes and controls. Updates include: The Board has established a new Business and Strategy Committee, Chaired by Independent Director Luis Jimenez-Tunon, to re-align the Company's strategic priorities for 2020 and beyond.

Mr. Jimenez-Tunon continues to serve as Compensation Committee Chair. Independent Director Rob Lippert continues to serve as Audit Committee Chair, and remains focused on completing the financial restatements for 2018 and 2019. Independent Director Yves Van Sante remains as Nominating and Corporate Governance Committee Chair.

The rest of the senior leadership team remains in place, consisting of Victor Bozzo (Chief Commercial Officer), Laura W. Thomas (Interim CFO), Rob Mumby (Chief Sales Officer) and Alexander Korff (Corporate Secretary and Compliance Officer).