On January 27, 2023, the Board approved and accepted Mr. Denault's resignation as Executive Chair and Chairman of the Board, effective as of the close of business on January 31, 2023, and appointed Mr. Marsh as Chairman of the Board, effective as of February 1, 2023. The Board also approved Stuart L. Levenick's continued service as the Board's Lead Director for the remainder of his current term of service, ending upon the organizational meeting of the Board immediately following the 2025 Annual Meeting of Shareholders.