Sir Martin E. Franklin is the founder of Element Solutions and has served as Executive Chairman of the Board since 2019, providing long-term strategic direction to the Board and management team and holding an approximately 5.2% beneficial ownership stake in the Company. In anticipation of the 2026 Annual Meeting he decided not to stand for reelection and will retire from the Board at the expiration of his current term, but has agreed to continue advising the Company for a minimum of three years under the Advisory Services Agreement with his affiliate Mariposa Capital, LLC and to attend future Board meetings as an observer.