On January 25, 2018, the Board of Directors of Foundation Building Materials, Inc. elected Matthew Espe to serve as a Class III member of the Board of Directors of the company, effective February 9, 2018, to fill the vacancy created by the previously disclosed resignation of Mr. Court Carruthers. The Board of Directors affirmatively determined that Mr. Espe qualifies as an independent director under the relevant guidelines of the New York Stock Exchange and Securities and Exchange Commission. Mr. Espe will also serve as a member of the Audit Committee and as a member of the Compensation Committee of the Board of Directors. Mr. Espe, age 59, served as President and Chief Executive Officer of Radial, Inc., from January 2017 until his retirement in November 2017. He has almost 20 years of experience in executive roles and is a respected global business leader with a career record of driving industrial transformation efforts that significantly increased earnings and shareholders’ equity.