On January 5, 2022, the Board of the Churchill Capital Corp. V appointed Alan M. Schrager as a director of the Company, effective January 5, 2022. Mr. Schrager will serve as a Class II director of the Company with a term expiring at the Company's second annual meeting of stockholders following the Company's initial public offering.

Mr. Schrager will serve on the Audit Committee of the Board, the Compensation Committee of the Board and the Nominating Committee of the Board. Mr. Schrager is Portfolio Manager & Senior Partner with Oak Hill Advisors, L.P. where he shares portfolio management responsibilities for a number of OHA's portfolios. Mr. Schrager serves on various OHA committees, including the compliance, investment strategy, valuation and several fund investment committees.