Aimia Inc. announced that after nearly four years as CEO of Aimia, Phil Mittleman has advised the Board of Directors of the Company (the "Board") that he will be stepping down to allow the Board to commence a search for a new operations-focused CEO replacement. Mr. Mittleman, who has agreed to support the Board during the transition period, will also step down as Director. Tom Finke, named Aimia's Chair in October 2023 and a seasoned financial services executive with more than 30 years of experience in the asset management and investment industries, has been named as Executive Chairman.

The changes are effective immediately. As Executive Chairman, Mr. Finke will be supported by Aimia's senior leadership team comprised of Steve Leonard, Chief Financial Officer, Suzi Herbst, Chief Operating Officer, and Mathieu Gigure, Chief Legal Officer and Corporate Secretary who collectively bring more than 70 years of relevant business and industry experience. Michael Lehmann, Aimia's former President, has also departed from the Company effective immediately.

With Mr. Finke's appointment as Executive Chairman, Karen Basian, a member of Aimia's Board since February 2020 and currently Chair of the Audit, Finance and Risk Committee, has been named as Lead Independent Director. Ms.Basian will work closely with Mr. Finke and provide oversight and guidance to Aimia's independent directors.