In addition, on February 6, 2024, the Board of Equity LifeStyle Properties, Inc. increased the size of the Board by one director from nine to ten directors and elected Ms. Radhika Papandreou to fill the vacancy created by the increase in the number of directors. Ms. Papandreou has been managing partner for Korn Ferry?s Chicago office since 2021 and previously served as senior client partner from 2019 to 2021. Ms. Papandreou specializes in executive and board placements and has managed large-scale client projects including bankruptcies, turnarounds, spin-offs and mergers and acquisitions.

In addition, Ms. Papandreou leads Korn Ferry?s North American travel, hospitality and leisure practice and is a core member within the Korn Ferry board and CEO Services practice. Ms. Papandreou was employed by an executive search firm from 2016 to 2019, where she was managing director and global head of its hospitality and leisure practice and a core partner within the board practice. From 1998 to 2016, Ms. Papandreou held various positions in the investment banking industry.

Ms. Papandreou will not initially serve on a committee of the Board. In addition, the Board undertook a review of the independence of Ms. Papandreou and affirmatively determined that Ms. Papandreou is independent in accordance with the NYSE standards.