Aspen Technology, Inc. announced that Robert Whelan, Jr. has been appointed to Chair of AspenTech?s Board of Directors (the ?Board?). This follows the decision by Jill Smith to resign from the Board for personal reasons. Mr. Whelan became a member of the Board in 2011 and previously served as Board Chair from 2013 to 2021.

Throughout his tenure on the Board, Mr. Whelan has helped guide the company into an established industrial software leader, including the strategic transaction with Emerson Electric Co. Mr. Whelan also serves as a member of the Board?s Human Capital and M&A committees. Mr. Whelan is a Non-Emerson Director under the Stockholders Agreement by and among AspenTech, Emerson Electric Co.

and EMR Worldwide Inc., dated as of May 16, 2022 (the ?Stockholders Agreement?), previously filed with the Securities and Exchange Commission. Additionally, under the Stockholders Agreement, David Henshall, who served as a Non-Emerson Director following his appointment in April 2024, was re-designated as an Emerson Director on May 11, 2024. The Board intends to conduct a search over the coming months for a Non-Emerson Designee director under the Stockholders Agreement.