Energy Focus, Inc. announced that its Board of Directors had appointed Jeffery R. Parker and Brian J. Lagarto as directors of the Company. Mr. Parker was appointed effective January 22, 2022, and Mr. Lagarto was appointed effective February 19, 2022. The Board affirmatively determined that, at the time of their respective appointments, Mr. Parker and Mr. Lagarto each is an independent director under the corporate governance standards of the Nasdaq Stock Market LLC Mr. Parker, 58, has spent nearly 30 years managing companies in the display, LED, medical and lighting markets.

He has a proven track record of driving growth and market leadership by bringing innovative products to market. Since 2019, Mr. Parker has served as the Chief Executive Officer of Luminii, LLC, an manufacturer of architectural LED lighting systems. From 2014 to 2018, Mr. Parker was the Chief Executive Officer at Soraa, Inc., an LED lighting company pioneering LEDs built from pure gallium nitride substrates, and served as Chairman of Soraa from 2018 to 2019. Previously, from 2010 to 2014, Mr. Parker was President of the Lighting and Display Business at Rambus following the acquisition of Global Lighting Technologies, where he was Chief Executive Officer from 2000 to 2010.

Mr. Parker has earned over 250 granted patents covering inventions in LEDs, displays, fiber optics, medical illuminators, general lighting, micro-optics and other optoelectronics applications. Mr. Parker has served as a board member at Kateeva, Inc., SLD Laser, and Avogy Inc. Mr. Parker received his B.S. in Mechanical Engineering from the University of Akron. Mr. Lagarto, 56, retired in 2021 from SharkNinja Operating LLC, a leading global producer of small household appliances under the Shark and Ninja brands.

At SharkNinja, Mr. Lagarto served as Executive Vice President, Chief Financial Officer from 2009 to 2017, as well as Chief Operating Officer from 2017 to 2018, with responsibility for global finance and operations. From 2019 until his retirement, he served as Chief People & Strategy Officer, with responsibility for corporate strategy, organizational design, talent and culture. Mr. Lagarto was one of the original equity partners in SharkNinja as part of the team that drove significant sales and earnings growth, converting a small, infomercial driven business to a retail and commercial focused business targeting consumers via major big box and online retailers in the US, in addition to global expansion into the UK, Europe and Asia.

He also led the successful sale process of SharkNinja during 2017, resulting in a sale price of $1.6 billion. Previously, from 2007 to 2009, Mr. Lagarto was a Division Vice President & CFO of the WearGuard-Crest division of Aramark, a leading professional services company providing food services, facilities management, and uniform and career apparel worldwide, and from 2000 to 2007, he was Executive Vice President and Chief Financial Officer of FGX International Limited, one of the larger U.S. distributors of sunglasses, reading glasses and costume jewelry, in addition to previous accounting and finance roles of increasing responsibility. Since 2019, Mr. Lagarto has been a board member of Community Servings, a Boston area nonprofit provider of medically tailored meals and nutrition services to individuals and families living with critical and chronic illnesses, and was previously a board member of Make-A-Wish of Massachusetts and Rhode Island from 2013 to 2015.

Mr. Lagarto received his B.S. in Business Administration from Bryant University, is a licensed Certified Public Accountant (inactive). Mr. Parker was appointed to serve on the Compensation Committee (the “Compensation Committee”) of the Board, effective February 22, 2022. Mr. Lagarto was appointed to serve on the Audit and Finance Committee (the “Audit Committee”) of the Board, effective February 19, 2022.

Following Mr. Lagarto's appointment to the Audit Committee, the Audit Committee consists of three independent directors in accordance with Nasdaq Listing Rule 5605, which requires that the Company's Audit and Finance Committee be comprised of at least three directors, all of whom are independent pursuant to the rules of Nasdaq and applicable law. Mr. Lagarto and Mr. Parker will participate in the Company's standard director compensation program for non-employee directors, which is described on page 21 of the Company's Proxy Statement for its Annual Meeting of Stockholders held on May 26, 2021, which was filed with the United States Securities and Exchange Commission on April 13, 2021. There are no arrangements or understandings between Mr. Lagarto or Mr. Parker and any other person pursuant to which he was selected as a director.