Effective on May 31, 2019, independent members of the Board of Directors of PolarityTE, Inc. representing a majority of the Board: placed Denver Lough, the Company's Chief Executive Officer and Chief R&D Officer, on indefinite paid administrative leave; and established the Office of the Chief Executive, consisting of a team of three senior executives who will focus and collaborate on commercialization, operational and financial performance, and new product development. Denver Lough continues to serve as Chairman of the Board and a director of the Company. The members of the Office of the Chief Executive include Richard Hague, Chief Operating Officer, Paul Mann, Chief Financial Officer, and David Seaburg, President of Corporate Development.

The Office of Chief Executive will address the immediate business needs of the Company as the Company transitions from product development of SkinTE™ to product commercialization, but will be replaced by a more traditional management structure in the future as the goals set for the Office of Chief Executive advance.