On January 29, 2020, the Core Laboratories N.V. announced that, effective as of the conclusion of the 2020 annual shareholders' meeting on May 20, 2020 (the 2020 Annual Meeting"), David Demshur has informed the Supervisory Board of Directors of the Company that he will retire from his role as Chief Executive Officer and Chairman of the Supervisory Board. He will not seek re-election to the Supervisory Board at the 2020 Annual Meeting. Mr. Demshur will remain employed by the Company to support the transition until his retirement on December 31, 2020.

Effective May 20, 2020, Lawrence Bruno, will succeed Mr. Demshur as the Chairman of the Supervisory Board and Chief Executive Officer. Mr. Bruno is currently a member of the Company's Supervisory Board and serves as President and Chief Operating Officer. Mr. Bruno has been in the industry for more than 35 years and with the Company for more than 21 years.

On January 1, 2019, Mr. Bruno assumed the position of Chief Operating Officer after becoming the President of the Company on February 1, 2018.