Effective March 8, 2021, the Board of Directors of Legacy Education Alliance, Inc. elected Michel Botbol, 61, as a Director and Chairman of the Board of the Company. Prior to joining the company Mr. Botbol served as President of New York at Frosch International Travel, Inc. Prior to joining Frosch, Mr. Botbol was the President and Head of International at Travel and Transport. Travel and Transport acquired Ultramar in 2012, where Mr. Botbol had served in various roles, including COO and CFO. On March 8, 2021, the Board appointed Mr. May, 63, as General Counsel of the Company, a position he held prior to his appointment as Interim CEO of the Company in January 2019. Upon the assumption of his position as General Counsel, Mr. May resigned as Director and Chief Executive Officer. Mr. May was appointed as Interim Chief Executive Officer of the Company on January 15, 2019 and as Chief Executive Officer on June 7, 2019.