On May 7, 2020, Brian Ferraioli informed the Board of Directors (the “Board”) of Charah Solutions, Inc. (the “Company”) of his voluntary resignation as a member of the Board, effective May 18, 2020. Mr. Ferraioli’s resignation was to pursue other opportunities and did not result from any disagreements with management or the Board. Mr. Ferraioli was a Class III director of the Company and also served on the Company’s Audit Committee. Mr. Ferraioli has served as a director since June 2018. Effective May 18, 2020, the Company’s Board of Directors elected Tim Poché to the Board of Directors to fulfill the remainder of Mr. Ferraioli’s Class III term which expires after the 2021 Annual Meeting of the Company. Mr. Poché is the Chief Financial Officer & Chief Compliance Officer at Bernhard Capital Partners Management, LP (“BCP”). He serves as a member of the Investment Committee and Portfolio Company Review Committee at BCP, a private equity management firm which directly and indirectly through certain affiliates owns approximately 63% of the total voting power of the outstanding shares of the Common Stock, including the Preferred Stock on an as-converted basis. Mr. Poché was nominated to the Board by BCP pursuant to its rights under the Stockholders’ Agreement dated as of June 18, 2018, by and among BCP, the Company and the other parties thereto.