EVO Transportation & Energy Services, Inc. announced on May 31, 2022, Danny Cuzick resigned from his position as a member of the company's board of directors and of the Nominating and Corporate Governance Committee of the Board, effective immediately. R. Scott Wheeler resigned from his position as a member of the Company's Board and as of the Compensation Committee of the Board, effective immediately. On May 31, 2022, the Company's Board appointed Chetan Bansal as a member of the Board, effective immediately.

Mr. Bansal was appointed to fill a newly-created vacancy on the Board. On June 1, 2020, Mr. Bansal was appointed to a newly-formed operating committee of the Board. Mr. Bansal, age 48, has served as Partner and Co-Head of Investment Research at Antara since March 2020, and has served as Chief Development Officer and as a member of the board of directors of Slam Corp.

since February 2021. Mr. Bansal has 25 years of experience as a private market investor. Mr. Bansal specializes in providing capital and advice to early-stage, hyper-growth companies in varying capacities, including as a board member, minority owner and strategic investor.

In addition, Mr. Bansal has significant experience investing in public market special situations, bankruptcies, stressed high-yield credit and levered equities. Prior to Antara, Mr. Bansal was Managing Director and Head of Illiquid Credit Solutions Group at BTIG from January 2019 to February 2020. Before joining BTIG, Mr. Bansal managed his family office from December 2017 to December 2018.

Prior to that, Mr. Bansal co-managed a proprietary investment portfolio at Jefferies from January 2015 to September 2017. Prior to Jefferies, Mr. Bansal was a Director of Research at Citigroup, in its Distressed Debt Trading Group, from August 2008 to April 2012. Prior to Citigroup, Mr. Bansal spent six years in Silicon Valley, including four years at Cisco Systems in the Business Development Group from September 2001 to 2005, where he was charged with venture investments and strategic acquisitions.

During his time at Crown Capital Partners from 1997 to 1999, Mr. Bansal wrote the business plan for Fresh Direct, a successful online grocer based in New York City, and sat on the boards of Cisco Systems Strategic India Counsel from 2003 to 2004, and board observer seats at Plaxo Inc. from 2004 to 2005, which was acquired in 2008 by Comcast and CXO Systems from 2003 to 2004, which was acquired in 2004 by Cisco Systems. Mr. Bansal's growth-stage equity investments include Via-On-Demand-Transit, an advanced micro-mobility company and SentinelOne, a cyber-security technology company. Mr. Bansal earned a Masters in Business Administration from the University of Chicago, Booth School of Business and a Bachelor of Arts in Computer Science from Northwestern University. The Company believes that Mr. Bansal's significant investing and special situations experience make him well qualified to serve as a member of the Board.On May 31, 2022, the Board appointed Raph Posner as a member of the Board, effective immediately.

Mr. Posner was appointed to fill a newly-created vacancy on the Board. On June 1, 2020, Mr. Posner was appointed to a newly-formed operating committee of the Board. Mr. Posner, 41 has served as General Counsel & Chief Compliance Officer (GC/CCO) of Antara since February 2021.

Prior to Antara, Raph spent five years as the General Counsel, Chief Compliance Officer & Legal Analyst at Warlander Asset Management, a credit hedge fund, where he was the sole in-house lawyer responsible for all legal and regulatory matters within the firm and responsible for assisting the firm in evaluating legal and regulatory risk related to prospective and existing investments. Prior to Warlander, Raph spent nearly eight years at MatlinPatterson Global Advisers, in a variety of legal roles. At MatlinPatterson, Raph was personally responsible for overseeing all legal and regulatory matters related to the firm's private equity portfolio companies.

Prior to MatlinPatterson, Raph was an associate with the law firm Bracewell LLP and prior to that began his legal career as an associate with the law firm Hawkins, Delafield & Wood LLP. Raph earned a Bachelor of Arts from Georgetown University and a Juris Doctorate from The Georgetown University Law Center. The Company believes that Mr. Posner's significant legal and regulatory experience make him well qualified to serve as a member of the Board.