Rambus Inc. announced that James Mitarotonda will not seek re-election to the Company's Board of Directors and will step down following the Company's 2022 annual meeting of the stockholders. As part of his transition, Mr. Mitarotonda will continue on as a consulting advisor for the Rambus Board and management team for a term of one year. Mr. Mitarotonda has been a director since March 2021.

He currently serves as chairman, president and chief executive officer of Barington Capital Group, L.P. ("Barington"), an investment firm. He holds a Master of Business Administration degree from New York University's Stern School of Business and a Bachelor of Arts in economics from Queens College, where he currently serves as a member of the Board of Trustees.