Climb Global Solutions Appoints Peter Bell to its Board of Directors

Rhea-AI Summary

Climb Global Solutions (NASDAQ:CLMB) elected Peter Bell to its Board of Directors, increasing the Board to five members, four independent under Nasdaq rules. Bell will chair the Nominating and Corporate Governance Committee and brings 35+ years of venture capital, technology operations and strategic advisory experience.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• Board expanded to five members, with four independent under Nasdaq standards
• Peter Bell appointed Chair of Nominating and Corporate Governance Committee
• New director brings over 35 years of venture, tech operations and advisory experience
• Background includes leading StorageNetworks through an IPO as CEO
• Experience as managing general partner at a $4 billion global venture firm

Negative

• None.

News Market Reaction – CLMB

+0.90%

+0.90% News Effect

On the day this news was published, CLMB gained 0.90%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

EATONTOWN, N.J., June 25, 2026 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that the Company’s Board of Directors (the “Board”) has elected Peter Bell to the Board. With the election of Mr. Bell, Climb’s Board increased to five total members, four of whom are independent under the Nasdaq listing standards. Mr. Bell will serve as the Chair of the Nominating and Corporate Governance Committee.

Mr. Bell brings over 35 years of experience in venture capital, technology operations and strategic advisory roles across public and private companies. He currently serves as a Senior Advisor at Amity Ventures and as a General Partner at SSC Venture Partners, a firm dedicated to backing the Boston College innovation ecosystem. Early in his career, Mr. Bell co-founded StorageNetworks, a pioneer in cloud computing, and led the company through its initial public offering as Chief Executive Officer. He subsequently joined Highland Capital Partners, where he served as Managing General Partner of the $4 billion global firm and partnered early with founders across sectors including artificial intelligence, cybersecurity and digital health. He has since held multiple board seats across public and private technology companies, advising leadership teams on growth strategy, operations and value creation. Mr. Bell holds a B.S. from Boston College, an M.B.A. from Harvard Business School, and an Honorary Doctorate from Babson College.

“As Climb continues to scale its global IT channel business, we are focused on ensuring the Board has the right mix of operating, investment and strategic experience to support that growth,” said John McCarthy, Chairman of the Board. “Peter has spent his career identifying and partnering with disruptive technology companies at critical inflection points, and he brings firsthand experience scaling a technology business through an IPO and navigating the M&A landscape. That combination is directly relevant to Climb, and we are pleased to welcome him to the Board.”

Mr. Bell stated, “I have spent my career working alongside founders and management teams building category-defining technology companies, and I look forward to bringing that perspective to Climb's Board. Climb has established a strong foundation in the IT channel through a proven track record of execution, and I see significant opportunity ahead as it continues to expand its global footprint and service offerings. I'm eager to contribute my investment and operational expertise to support the Company's growth and unlock new value creation opportunities.”

About Climb Global Solutions

Climb Global Solutions, Inc. (NASDAQ:CLMB) is a value-added global IT distribution and solutions company specializing in emerging and innovative technologies. Climb operates across the U.S., Canada and Europe through multiple business units, including Climb Channel Solutions, Grey Matter and Climb Global Services. The Company provides IT distribution and solutions for companies in the Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM industries.

Additional information can be found by visiting www.climbglobalsolutions.com.

Company Contact

Matthew Sullivan
Chief Financial Officer
(732) 847-2451
MatthewS@ClimbCS.com

Investor Relations Contact

Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
CLMB@elevate-ir.com

FAQ

What did Climb Global Solutions (NASDAQ:CLMB) announce about its board on June 25, 2026?

Climb Global Solutions announced the election of Peter Bell to its Board of Directors. According to Climb, Bell’s appointment increases the Board to five members, four of whom are independent under Nasdaq listing standards, strengthening its governance profile.

Who is Peter Bell, the new Climb Global Solutions (CLMB) board member?

Peter Bell is a veteran investor and technology executive with over 35 years of experience. According to Climb, he co-founded StorageNetworks, led it through an IPO, and later served as managing general partner of a $4 billion global venture firm.

What role will Peter Bell have on the Climb Global Solutions (CLMB) board?

Peter Bell will serve as Chair of the Nominating and Corporate Governance Committee. According to Climb, he will also contribute strategic guidance drawn from his venture capital, technology operations and board advisory background across public and private technology companies.

How does Peter Bell’s experience align with Climb Global Solutions’ growth plans?

Peter Bell’s experience scaling technology businesses, including through IPOs and M&A, aligns with Climb’s growth focus. According to Climb, his background in identifying disruptive technology companies and advising on value creation supports the company’s global IT channel expansion strategy.

How does Peter Bell view the opportunity at Climb Global Solutions (NASDAQ:CLMB)?

Peter Bell views Climb as having a strong IT channel foundation and significant future opportunity. According to Climb, he plans to apply his investment and operational expertise to support the company’s global expansion, broader service offerings and long-term value creation efforts.