Broadwind announced that its Board of Directors has elected Stephanie K. Kushner, currently the President and CEO of the Company, as the incoming Chairman of the Board. As previously announced, Kushner will retire from her current role as President and CEO, effective March 1, 2020, while continuing to serve on the Board of Directors. Kushner has served as a member of the Board of Directors since 2016.

She will succeed current Board Chairman David P. Reiland, who will remain a director with the Company and continue to serve as Chairman of the Audit Committee. Cary B. Wood, who has been serving on the Company's Board of Directors since 2016, will serve as lead independent director. In conjunction with this leadership transition, Eric B. Blashford, incoming President and CEO of Broadwind, has been appointed to the Board of Directors.

The Board appointments of both Kushner and Blashford are effective March 1, 2020.