Effective April 24, 2020, the Board appointed Mr. Jim Brannen, a current independent member of the Board of the Company, to immediately succeed Mr. Ken Karels as Chairperson of the Board. In connection with Mr. Brannen's appointment, Mr. Karels voluntarily resigned from the Board and as its Chairperson. Mr. Karels also voluntarily resigned from the board of the Company's wholly owned subsidiary, Great Western Bank. As a result of Mr. Karels' resignation and Mr. Brannen's appointment as successor Chairperson of the Company's Board, the Company realigned certain of its standing Committees to enable Mr. Brannen to focus his time on the Chairperson role. Effective April 24, 2020, Mr. Brannen discontinued his service on the Risk and Audit Committees. Mr. Thomas Henning, who was no longer required to serve as Lead Independent Director as Mr. Brannen is an independent director, was appointed Chairperson of the Risk Committee and replaced Mr. Brannen as a member on the Audit Committee. In addition, Mr. Brannen replaced Mr. Karels on the Executive Committee and was appointed its Chairperson.