KULR Technology Group Inc. saw its stock climb 4.3% on Tuesday after the company disclosed two senior personnel changes that take effect on June 9, 2026. The energy-systems firm said it is elevating Dr. Michael Kimel to the role of Chief Financial Officer and adding Steven Perez as an independent member of its board.
Dr. Kimel, who had been serving as the Audit Committee Chair for KULR's board, resigned from the board in connection with his appointment to the CFO position. The company noted that he has more than 30 years of experience focused on financial strategy and initiatives to improve profitability. His professional background includes founding Pricimetrics, a consulting practice that concentrates on profit maximization, and holding senior roles at OmniSource United and Toyo Tire Holdings of Americas Inc. He also holds a Ph.D. in Economics from the University of California, Los Angeles.
"Mike has already begun helping KULR sharpen its operating discipline, pricing framework, and margin improvement initiatives," said Michael Mo, Co-Founder and Chief Executive Officer of KULR Technology Group.
Steven Perez joins KULR's board bringing more than 25 years of experience in sales and marketing leadership at technology companies. His résumé includes a position as Regional Sales Director at Twilio (NYSE:TWLO) and roles at Salesforce, LinkedIn, and Adobe EchoSign. Perez holds a Bachelor of Science degree in Business Administration from California Polytechnic State University, San Luis Obispo.
KULR describes its core business as developing lithium battery systems for a range of applications, including space and defense programs, mobility solutions, hyperscale AI data centers, and telecommunications infrastructure. The company's announcement did not provide additional financial guidance or operational metrics tied to the appointments.
The immediate market reaction in the form of a 4.3% share price increase underscores investor interest in leadership changes, while the firm continues to position itself in battery systems across multiple high-tech and infrastructure sectors.