On October 14, 2018, Marshall A. Heinberg was appointed as a Class II director to the board of directors of Galmed Pharmaceuticals Ltd. to serve as a member of the board of directors until the close of the annual general meeting of the shareholders to be held in 2019 and when his successor has been duly elected. Since April 2017, Mr. Heinberg has served on the board of directors of Ecology and Environment and is currently Executive Chairman of the Board of Directors. Mr. Heinberg has extensive experience relevant to the company and insight into the global capital markets, and has worked with several life science and technology companies. Mr. Heinberg serves as a Senior Advisor to Burford Capital and is the founder and Managing Director of MAH Associates, LLC, which provides strategic advisory and consulting services to various companies, including the Company since 2013.