On February 17, 2023, the Board of Directors of The Brink's Company approved changes to the Board's leadership. Douglas A. Pertz will step down as Executive Chairman of the Board and will retire as a director as of the Company's 2023 Annual Meeting of Shareholders, scheduled for May 5, 2023. Mr. Pertz has been a director since 2016 and has served as Executive Chairman of the Board since 2022.

He previously served as Chief Executive Officer and President of the Company from 2016 to 2022. On February 17, 2023, in accordance with the recommendation of the Corporate Governance and Nominating Committee, the Board appointed Michael J. Herling, the current independent Lead Director, as the next Chairman of the Board, as of the Annual Meeting, subject to his re-election at the Annual Meeting. With Mr. Herling's appointment, the Chairman of the Board will again be an independent director.

Mr. Herling joined the Board in 2009 and, from 2016 until 2022, he served as the independent Chairman of the Board. He has served as the Board's Lead Director since the Company's 2022 Annual Meeting of Shareholders.