Montana Technologies Corporation announced Board Changes. From 2017 to 2019, Mr. Derham served as Vice President, Corporate Development and Finance of Rice Energy and Rice Midstream. Prior to joining Rice Energy, Mr. Derham was an associate at First Reserve, an energy-focused private equity fund, and prior to that, was an investment banker at Barclays.

Mr. Derham earned a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania. Mr. Matt Jore is the Chief Executive Officer of Montana Technologies Corporation. Mr. Jore founded Montana Technologies LLC, and served as Chairman and Chief Executive Officer since its founding and until the merger with XPDB in March 2024.

Prior to founding Montana Technologies LLC, Mr. Jore founded Core Innovation and Jore Corporation, a power tool and accessories manufacturer that generated in excess of $50 million in annual revenue, which Mr. Jore previously led through a successful initial public offering. Mr. Jore has over thirty years of experience successfully founding and leading innovative product-based companies. Mr. Jore holds a Bachelor of Arts in Political Science and Economics, Business from University of Montana.

Mr. Stu Porterserved as a member of the Board of Managers of Montana Technologies LLC prior to the merger with XPDB in March 2024. Mr. Porter currently serves as the Chief Executive Officer and Chief Investment Officer of Denham Capital, which he founded, and serves on Denham Capital'sInvestment Committee and Valuation Committee. Prior to founding Denham Capital in 2004, Mr. Porter was a founding partner of Sowood Capital Management LP and, prior thereto, was employed as a Vice President and Portfolio Manager at Harvard Management Company Inc., where he focused on public and private transactions in the energy and commodities sectors.

Mr. Porter previously worked for Bacon Investments and at J. Aron, a division of Goldman Sachs. While at J. Aron, he worked on the Goldman Sachs Commodity Index desk. Prior to joining J. Aron, Mr. Porter was a self-employed trader at the Chicago Board of Trade and was employed by Cargill Incorporated in Minnetonka, Minnesota in the Financial Markets Division.

Mr. Porter received a Bachelor of Arts from the University of Michigan and a Master of Business Administration degree from the University of Chicago Booth School of Business. Dr. Marwa Zaatari co-founded D ZINE Partners in November 2020 and has served as the Chief Science Officer of D ZINE Partners since its founding. Prior to co-founding D ZINE Partners, Dr. Zaatari served as the Vice President of Building Solutions of enVerid Systems Inc. from January 2015 through May 2020.

Prior to joining enVerid Systems Inc., Dr. Zaatari served as a consultant of Trinity Consultants and as the Chair of Indoor Air Quality Procedure of the U.S. Green Building Counsel ("USGBC"). Since May 2020, Dr. Zaatari has served as a member of the Board of Advisors of enVerid Systems Inc.Dr. Zaatari also serves as a member of the Board of Directors of USGBC, as a member of the Technical Advisory Committee of the USGBC Center for Green Schools and as a member of various committees of the American Society of Heating, Refrigerating and Air-Conditioning Engineers ("ASHRAE"), including vice chair for ASHRAE Standards 62.1 and the Environmental Health Committee and a voting member for ASHRAE Standard 241. Dr. Zaatari received a Ph.D. in Architectural and Environmental Engineering from the University of Texas at Austin and a master's degree in engineering management from The American University of Beirut, Lebanon, with a specialization in energy management.