GlassBridge Enterprises, Inc. announced that on March 29, 2019, the Board of Directors appointed Daniel A. Strauss to serve as the Chief Executive Officer of the company in addition to his role as Chief Operating Officer, and appointed Francis Ruchalski to serve as the Chief Financial Officer of the Company, effective April 5, 2019. Mr. Strauss, age 34, has been the Chief Operating Officer of the Company since 2017, and a Portfolio Manager at Clinton Group, Inc. since 2010 and will continue in such role following his appointment. Mr. Ruchalski, age 55, is currently the Chief Financial Officer of Clinton, and has been employed by Clinton since 1997.

Prior to joining Clinton, Mr. Ruchalski was an audit manager with Anchin, Block & Anchin, LLP, a certified public accounting firm, from 1986 to 1997. On March 29, 2019, Danny Zheng, the Company's Chief Financial Officer and Interim Chief Executive Officer, submitted his resignation from his positions with the Company. In connection with Mr. Zheng's resignation, the Company together with Mr. Zheng entered into that certain separation agreement on March 29, 2019.