LivePerson, Inc. announced that it has entered into an agreement with Starboard Value LP and certain of its affiliates. As part of the Agreement, the LivePerson Board of Directors (the "Board") will appoint new independent directors pursuant to a cooperative selection process, with one nominee to be identified by Starboard and the other to be identified by LivePerson. In addition, current director Peter Block will retire from the Board at the time of the Company's 2022 Annual Meeting of Shareholders (the "Annual Meeting") and pursuant to the Agreement, the vacancy created by Block's departure is expected to be filled by an additional independent director pursuant to a cooperative selection process under the Agreement, after which the Board will be composed of nine members, eight of whom are independent and more than 50% of whom have joined the Board in the past six years.

Current director Jill Layfield has been appointed to the newly created role of Lead Independent Director. Layfield has been a strong voice on the Board and is an experienced operational leader with deep expertise in consumer-facing online, offline and social commerce, digital marketing and digital product. She is known for making high-quality customer care a key strategic differentiator and has a strong track record of using technology to transform customer experience.