On October 17, 2022, the Board of Directors of Quaker Chemical Corporation d/b/a Quaker Houghton (the Company) approved certain changes to the Company's Executive Leadership Team. Effective January 1, 2023, Mr. Joseph Berquist will serve as the Chief Commercial Officer. Mr. Berquist has been employed by the Company since 1997, and has served as Executive Vice President, Chief Strategy Officer, and Managing Director, Global Specialty Businesses since September 9, 2021.

No changes will be made to Mr. Berquist's compensation arrangement in connection with his new role. Also, effective January 1, 2023, Mr. Jeewat Bijlani will serve as the Chief Strategy Officer. Mr. Bijlani has served as Senior Vice President, Managing Director - Americas since he joined the Company in August 2019 following the combination with Houghton International Inc. (Houghton).

Mr. Bijlani served as President, Americas and Global Strategic Businesses of Houghton from March 2015 until July 2019.