On January 5, 2024, Milburn E. Honeycutt retired from his positions as Vice President, Corporate Controller and Chief Accounting Officer of Powell Industries, Inc. In connection with Mr. Honeycutt?s retirement, the Company designated Michael W. Metcalf, Executive Vice President and Chief Financial Officer, as the Company?s principal accounting officer effective January 5, 2024. Mr. Metcalf, who is 56, was elected Executive Vice President, Chief Financial Officer, Secretary and Treasurer of the Company effective December 13, 2018. Mr. Metcalf previously served as Executive Vice President of the Company beginning November 5, 2018.

From April 2011 to October 2015, he served as Chief Financial Officer of Global Supply Chain and Operations at GE Oil & Gas. Mr. Metcalf then served as Chief Financial Officer of Production Solutions at GE Oil & Gas from November 2015 to August 2017. From August 2017 to August 2018, he was Chief Financial Officer of Artificial Lift Systems at Baker Hughes, a GE company.

From August 2018 to October 2018, Mr. Metcalf served as Chief Financial Officer of Aeroderivative Products at GE Power. Mr. Metcalf holds a bachelor?s degree in finance from the State University of New York at Buffalo and a Master of Business Administration from Syracuse University.