Horizon Global Corporation previously announced that Frederick A. (Fritz) Henderson, currently a director on the Company's Board, with a term expiring at the Company's 2022 annual stockholder meeting, will not stand for reelection at the 2022 Annual Meeting. Mr. Henderson served as Chair of the Board's Audit Committee. The Board appointed Donna M. Costello as Chair of the Audit Committee, effective immediately.

Ms. Costello was appointed to the Company's Board and as a Member of its Audit Committee in June 2021. Ms. Costello serves on the boards of CTS Corporation and Neenah Inc. Ms. Costello serves as chair of Neenah's audit committee.