Fuel Tech, Inc. appointed Ellen T. Albrecht to the position of Treasurer. Prior to this appointment, Ms. Albrecht served Fuel Tech as Acting Treasurer and Controller and Principal Financial Officer since March, 2020; Vice President, Operations Planning and Control since June 2012; acting Treasurer and Chief Financial Officer since July 2010; Vice President and Controller since January 2007; Controller since February 2004; Accounting Manager since June 2000; Senior Accountant since May 1998; and Accountant since July 1996. Effective June 1, 2022, Ms. Albrecht will receive an annual base salary of $250,000 which shall be subject to Fuel Tech's ongoing 10% base salary reduction program for its officers, resulting in an actual net annual base salary of $225,000 dollars, and a target participation percentage of 30% of net annual base salary in Registrant's 2022 Corporate Incentive Plan and 2022 Current Objectives Plan.

Ms. Albrecht participates in benefit and welfare programs offered by Registrant. There is no family relationship between Ms. Albrecht and any director, executive officer, or person nominated or chosen by the Registrant to become a director or executive officer. Other than as stated above, there is no arrangement or understanding as to Ms. Albrecht's employment with the Registrant, or its directors or officers.

Upon commencement of employment with the Registrant, Ms. Albrecht entered into the Registrant's standard form of employment agreement which established employment with the Registrant as at-will, and provided for the protection of the Registrant's intellectual property and other confidential information. Ms. Albrecht is not entitled to any payments upon severance.