Great Elm Capital Group, Inc. announced that Jason Reese, Chairman and Chief Executive Officer of Imperial, and Eric Scheyer, partner at Magnetar Capital, will join the Company’s Board of Directors (the “Board”). In connection with the new appointments to the Board, one of the Company’s existing directors, Hugh Steven Wilson, has submitted his resignation, effective February 25, 2020. Mr. Reese will join the Company as Executive Co-Chairman. Mr. Scheyer has been appointed to serve on the Nominating and Corporate Governance Committee. Messrs. Reese and Scheyer will be eligible for re-election along with all of the Company's existing directors at the Company's 2020 Annual Meeting of Stockholders.