Exela Technologies, Inc. announced the resignation of Shrikant Sortur as Chief Financial Officer of the Company effective October 2, 2023. Mr. Sortur?s resignation was for personal reasons and was not a result of any disagreement on any matter relating to the Company?s operations, policies or procedures. Mr. Sortur has agreed to act as a consultant to the Company to assist with the transition of his duties.

Appointment of Matthew Brown On October 2, 2023, Matthew Brown, the President of the Company?s subsidiary, ETI-MNA, LLC, was appointed as the Company?s Interim Chief Financial Officer. Mr. Brown, age 37, has managed all aspects of the various transactions and integrations that built the Company. Mr. Brown has served in increasing roles of responsibility in the corporate and business strategy departments since the Company?s 2017 business combination, including as Global Head of Business Strategy from 2017 to 2022, and President of ETI-MNA, the Company?s portfolio manager, since 2022.

Prior to Exela, Mr. Brown served as Senior Vice President for HandsOn Global Management, LLC, which he joined in 2007. Mr. Brown earned his Bachelor of Science in Electrical Engineering from the University of California, San Diego, where he graduated Summa Cum Laude.