Quotient Technology Inc. announced that it has appointed Michael H. Wargotz to the Company's Board of Directors, effective immediately. Mr. Wargotz will serve as a Class II director, which class has a one-year term expiring as of the Company's 2023 Annual Meeting of Stockholders. Mr. Wargotz is an experienced public company Board member, with more than 30 years of leadership and business development experience, as well as significant finance and investor relations expertise, including audit oversight, financial reporting, and compliance.

He is currently a private investor, involved in various start-up ventures and previously served as Co-Founder and partner of Axcess Worldwide, a brand experience marketing development agency. Mr. Wargotz fills the vacancy created by the resignation of Matthew O'Grady, who resigned from the Board effective December 31, 2022, and who at the time of his resignation was one of two directors serving on the Board pursuant to the Cooperation Agreement between Quotient and Engaged Capital LLC. Mr. Wargotz will serve on the Audit Committee, the Nominating and Corporate Governance Committee and the Strategic Committee.

Mr. Wargotz currently serves on the Board of Travel + Leisure Co., the world's leading membership and leisure travel company. From 2011 to 2017, Mr. Wargotz served as Chairman of Axcess Ventures, an affiliate of Axcess Worldwide, a brand experience marketing development agency. From 2010 to 2011, he co-founded and served as Chief Financial Officer of The Milestone Aviation Group, a global aviation leasing company, from 2010 to 2011.

Mr. Wargotz served as the Co-Chairman of Axcess Luxury and Lifestyle from August 2009 to July 2010. From 2006 to 2009, he served as the Chief Financial Advisor of NetJets Inc., a leading provider of private aviation services from 2006 to 2009 and Vice President of NetJets from 2004 to 2006. Mr. Wargotz co-founded and was a partner in Axcess Worldwide from 2001 to 2004.

From January 1998 to December 1999, Mr. Wargotz served in various leadership positions at Cendant Corporation, including President and Chief Executive Officer of its Lifestyle Division, Executive Vice President and Chief Financial Officer of its Alliance Marketing Segment, and Senior Vice President, Business Development. Prior to 1998, Mr. Wargotz served in various finance and accounting positions at HFS Incorporated, PaineWebber & Co, America Express and Price Waterhouse. Mr. Wargotz received a B.A. in Accounting from Rutgers University and an M.B.A. from New York University.