On September 1, 2023, the board of directors of Balchem Corporation elected Olivier Rigaud and Monica Vicente to the board, effective as of September 6, 2023, respectively. Mr. Rigaud, age 58, is the chief executive officer of Corbion N.V. Ms. Vicente, age 58, is the Senior Vice President and Chief Financial Officer of Fresh Del Monte Produce Inc. Mr. Rigaud and Ms. Vicente will each serve as a Class 2 Director and will stand for election at the company?s 2024 Annual Meeting of Shareholders. The Board has determined that Mr. Rigaud and Ms. Vicente are each an independent director under The Nasdaq Stock Marketing LLC Rules and the Company's Corporate Governance Guidelines.

Mr. Rigaud and Ms. Vicente each bring relevant market expertise and strong global business acumen to the Board. Mr. Rigaud will serve as a member of the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Vicente will serve as a member of the Audit Committee.

The Board has determined that Mr. Rigaud and Ms. Vicente are each qualified as an ?audit committee financial expert? pursuant to the rules of the U.S. Securities and Exchange Commission (SEC).