The Board of Directors of GP Strategies Corporation appointed Adam H. Stedham as President of the Company to replace Douglas E. Sharp, who previously informed the company of his decision to retire. Mr. Stedham will immediately assume the duties of President and Mr. Sharp will continue to be employed by the Company as President Emeritus and will assist with transition and other initiatives. Prior to this promotion, Mr. Stedham, age 48, served as a Senior Vice President of the Company since 2012 and as a Vice President since 2008. On November 20, 2017, Sharon Esposito-Mayer, Executive Vice President & Chief Financial Officer, and the company agreed to transition her duties and enter into a separation agreement permitting her to pursue other opportunities. The Board of Directors of the company appointed Michael R. Dugan as the new Chief Financial Officer of the company. Prior to this promotion, Mr. Dugan, age 49, served as Senior Vice President of Finance of the company since February 2017, was Vice President of Finance from 2012 to February 2017 and has held various other roles of increasing responsibility since joining the company in 1997.