On May 13, 2023, Matthew Stevenson, President and a Class II director of Blue Bird Corporation tendered his resignation from employment and from Board of Directors (the “Board”). The Board accepted Mr. Stevenson's resignation from his position as an officer and on the Board effective immediately and his employment with the Company will terminate effective June 5, 2023. On May 14, 2023, the Board of Directors appointed Philip Horlock as President of the Company.

Mr. Horlock served as CEO from 2015 (following the business combination in 2015) to October 2021, and served as President and CEO of School Bus Holdings from 2011 to October 2021. Mr. Horlock has been serving as an active consultant to the Company and as a Class III director since his retirement in December 2021.