Quotient Technology Inc. announced effective immediately, the Board has elected to separate the roles of Chair of the Board and CEO. The Board has elected Robert McDonald as non-executive Chair of the Board, effective March 23, 2022. Mr. McDonald joined the Quotient Board as an independent director in November 2018.

Andrew Gessow, currently Quotient's Lead Independent Director, will remain a director of the Board. The company has appointed Eric Higgs as a Class I director to the Company's Board of Directors, effective immediately. In connection with the appointment of Mr. Higgs, Christy Wyatt is stepping down from the Board, effective immediately.

As previously announced by the Company on December 20, 2021, Ms. Wyatt has been planning to step down from the Board to focus on her role as CEO and a director of Absolute Software Corporation and as a director of Silicon Valley Labs Inc., both public companies. Upon Mr. Higgs's appointment, the Board will consist of Mr. Higgs, Mr. Boal, Jody Gessow, Lorraine Hariton, Alison Hawkins, Steve Horowitz, Robert McDonald and David Oppenheimer. Mr. Boal will not stand for re-election when his term ends at the 2022 annual meeting.

Mr. Krepsik will be nominated for election at the 2022 annual meeting in connection with his pending appointment as CEO.