Quotient Technology Inc. announced that effective May 20, 2022, Steven Boal stepped down as CEO, in light of Mr. Boal's determination that the CEO transition has proceeded smoothly and that Matt Krepsik was ready to succeed Mr. Boal. Mr. Boal will remain an employee and director of Quotient until the conclusion of the upcoming 2022 Annual Meeting. Mr. Krepsik, 40, served as Chief Technology Officer for Quotient beginning June 2021, leading the company's strategy and insights team, engineering, product management, business development and media strategy business and enabling advertisers and retailers to deliver high performing, data-driven marketing strategies fueled by powerful insights into consumer purchase behavior.

Mr. Krepsik also assumed charge of the IT function for Quotient during his tenure as Chief Technology Officer. Prior to his promotion to Chief Technology Officer, Mr. Krepsik served as Quotient's Chief Analytics Officer from April 2021 through June 2021. Prior to joining Quotient, Mr. Krepsik served for more than 15 years in various managerial roles at Nielsen, where he led attribution, media planning and activation products, most recently as Senior Vice President and General Manager of Outcomes Products from 2019 to 2021, in which he led Nielsen's development and deployment of attribution, media planning and activation products.

Mr. Krepsik's other positions at Nielsen included Global Head of Analytics Products (2016-2019), Executive Director of Analytics Asia-Pacific, Middle East and Africa (2012-2016), and Vice President, Analytics North America (2006-2012). He also had an integral role in Nielsen's strategic review process, which culminated in the sale of its NielsenIQ business to Advent International for $2.7 billion. Mr. Krepsik's academic career includes coursework at the London School of Economics and Economics Bachelors and Master's degrees from Marshall and Miami University, respectively.