ESCO Technologies Inc. announced that Effective December 31, 2022, the Company's Chairman, Chief Executive Officer and President, Victor L. Richey, retired as Chief Executive Officer and President. Effective January 1, 2023 Mr. Richey, a current director, assumed the position of Executive Chairman of the Board of Directors. On January 1, 2023, Bryan H. Sayler succeeded to the offices of Chief Executive Officer and President of the Company.

Mr. Sayler has entered into an employment and compensation agreement with the Company on terms consistent with those described in the Company's Form 8-K filed September 12, 2022.