On January 22, 2024, the Board of Directors of Crexendo, Inc. appointed Jeffrey G. Korn as a Class I director of the Board of Directors of the company and named him as Executive Chairman. Mr. Mihaylo made the motion which was approved unanimously by the Nominating Committee and the Board of Directors. Mr. Korn is the Company CEO and has served in that position since March 2023.

Mr. Mihaylo in the motion complimented Mr. Korn and the management team for the progress they have made and believed that the move was appropriate considering the results achieved. Mr. Mihaylo will remain on the Board as a member of the Board of Directors and as ?Chairman Emeritus?. Mr. Korn has spent over 21 years at Crexendo and is the Company's longest standing employee.

He has served as Chief Executive Officer and then previously as the Company's General Counsel, Executive Vice President, and Chief Legal Officer. Prior to joining Crexendo, he served as Chief Legal Officer and a member of the Board of Directors of Prosoft Training. Before that, Korn was a partner in a commercial litigation and business services law firm with his office located in Jacksonville, Florida.

Mr. Korn has also served on the boards of several other public companies and currently holds positions on numerous private boards. Mr. Korn is a graduate of Stetson University College of Law where he received a JD degree and the State University of New York at New Paltz where he received his undergraduate degree.