Columbus McKinnon Corporation announced that Richard Fleming has stepped down from his role as Chairman of the Board at the conclusion of the Company's fiscal year which ended on March 31, 2023.He will retire from the Board at the end of his term at the 2023 annual meeting of shareholders in July. Mr. Fleming, who has reached the mandatory retirement age as defined in the Board's Corporate Governance Policy, joined the Board in March of 1999 and has served as the Chair since July of 2018. Gerald Colella, current Chair and retired President and CEO of MKS Instruments Inc. has been appointed Chair of the Board.

He joined the Columbus McKinnon Board of Directors in November 2021. The Board has also appointed Kathryn Roedel as Lead Director to serve as key advisor and support for the Chair of the Board. Ms. Roedel is a director at Generac Holdings Inc. (NYSE: GNRC) and retired Executive Vice President of Sleep Number Corporation (Nasdaq: SCSS).She joined the Columbus McKinnon Board of Directors in October 2017.

The Board of Directors regularly evaluates the composition of the Board to ensure an appropriate mix of skills, experiences and diversity of perspectives to effectively oversee the strategic direction of the Company and considers its leadership structure in this process. Columbus McKinnon's Board will be comprised of nine members following Mr. Fleming's retirement including four members that represent diverse demographic backgrounds, three of whom are women. The Company announced that the Board's committee leadership has also been refreshed.

The new leaders are: Compensation & Succession Committee Chair: Jeanne Beliveau-Dunn; Corporate Governance and Nomination Committee Chair: Aziz S. Aghili; Audit Committee Chair: Heath A. Mitts. Following the annual meeting of shareholders in July 2023 and in accord with the Board's succession plan, Michael Dastoor will succeed Mr. Mitts as Chair of the Audit Committee.