On December 7, 2017, Exponent, Inc. announced that its Board of Directors intends to appoint Dr. Catherine Ford Corrigan currently Exponent's President, as its Chief Executive Officer and President at its Board meeting following the annual shareholder meeting on May 31, 2018. Exponent's current Chief Executive Officer, Dr. Paul R. Johnston, is expected to become Chairman of the Board of Directors at that time. In addition, to assist in the transition, he will continue in an executive role on a half-time basis for twelve months.

Michael R. Gaulke, currently Exponent's Chairman of the Board of Directors, will not stand for re-election at the annual shareholder meeting on May 31, 2018. Mr. Gaulke's decision not to stand for re-election is not based on a disagreement with the company. Exponent's Board of Directors intends to appoint Dr. John B. Shoven, as Lead Independent Director following the annual shareholder meeting on May 31, 2018.