On December 2, 2022, the Board of Directors (the “Board”) of Party City Holdco Inc. (the “Company”) approved the appointment of John Capela, age 42, as the Company's Chief Accounting Officer and Treasurer, effective on or about December 5, 2022 (the “Effective Date”). On the Effective Date, Mr. Capela assumes the role from Todd Vogensen, who will continue to serve as the Company's Chief Financial Officer. Mr. Capela has over 20 years of direct experience in operational streamlining; technical and general ledger accounting; budgeting and forecasting; financial and business analysis; treasury; investment portfolio management; SEC reporting; and financial communication.

Mr. Capela previously served as Vice President, Finance and Chief Accounting Officer at ITT Inc. from November 2018 to November 2022. Prior to his time at ITT, Mr. Capela served as Executive Vice President, Chief Accounting Officer and Corporate Controller of Toys “R” Us Inc. from May 2018 to November 2018 and previously served as Vice President and Corporate Controller from March 2018 to May 2018. Prior to that, Mr. Capela served as Vice President and Assistant Controller from May 2015 to March 2018 and held various other positions since March 2007.

Prior to joining Toys “R” Us Inc., Mr. Capela served as Senior Auditor at PricewaterhouseCoopers LLP performing various auditing and assurance services. Mr. Capela holds an MBA with a double concentration in finance and management from Montclair State University. Mr. Capela is also a Certified Public Accountant and a Chartered Global Management Accountant.