On May 19, 2022, the board of directors of Frontdoor, Inc. elected its Chairman, William C. Cobb as Chief Executive Officer, effective as of June 1, 2022. Mr. Cobb will continue to serve as Chairman of the Board. In accordance with Nasdaq listing standards and the Company's Corporate Governance Guidelines, which require all members of the Nominating Committee to be “independent,” Mr. Cobb will step down from the Nominating Committee, effective as of June 1, 2022.

Mr. Cobb has served as Chairman of the Board since October 2018. Mr. Cobb served on the board of directors of Terminix Global Holdings, Inc. from April 2018 until the Company's separation from Terminix on October 1, 2018. From May 2011 through July 2017, Mr. Cobb served as President and Chief Executive Officer, and from August 2010 to July 2017, Mr. Cobb served as a director, of H&R Block, Inc. William Cobb, chairman of the Frontdoor board of directors, will succeed Rexford J. Tibbens Chief Executive Officer, effective June 1, 2022.

Tibbens has decided to step down from these roles and will remain with Frontdoor through June 30, 2022 in an advisory capacity to ensure a smooth leadership transition.