Envestnet, Inc. announced that following Envestnet?s 2024 Annual Meeting, Mr. William Crager will step down as a member of Envestnet?s Board. Mr. Crager?s decision to step down as a member of Envestnet?s Board is not related to any disagreement with Envestnet or with Envestnet?s operations, policies, or practices. Mr. Crager and the Companies also agreed that beginning April 2024, Mr. Crager will continue with Envestnet as a Senior Advisor, focusing on client and partner relationships.

The financial terms of Mr. Crager?s continuing arrangement have not yet been finalized. In connection with his appointment as interim CEO, Mr. James Fox has resigned as Chair and a member of the Compensation Committee of Envestnet?s Board as well as a member of the Audit and Nominating and Governance Committees of Envestnet?s Board. Mr. Fox will remain as Chair of Envestnet?s Board and a member of the Strategy Committee of Envestnet?s Board.

Gayle Crowell has been appointed as Chair of the Compensation Committee of Envestnet?s Board and Barbara Turner has been appointed as a member of the Compensation Committee.