Allbirds, Inc. announced that on March 7, 2024, Joseph Zwillinger, the President, Chief Executive Officer and Secretary of the Company informed the Company?s Board of Directors (the ?Board?) of his intention to transition from his role as President, Chief Executive Officer and Secretary, effective March 15, 2024. On March 9, 2024, the Board appointed Joe Vernachio, the Company?s current Chief Operating Officer, to serve as President and Secretary of the Company, effective March 15, 2024. Mr. Vernachio was also appointed to the Board, effective March 15, 2024, and will serve as a Class II director and will stand for reelection at the 2026 annual meeting of stockholders.

Mr. Vernachio's addition to the Board will expand the size of Allbirds's Board of Directors to eight members. Vernachio has served as Allbirds's COO since June 2021. In 2023, the Company increased his responsibilities to include oversight of commercial and international functions, in addition to operations.

The company turned to Joe to take on an expanded leadership role, increasing his responsibilities this past year and leveraging his capabilities as the company developed strategic transformation plan. Vernachio has served as Allbirds?s COO since June 2021. In 2023, the Company increased his responsibilities to include oversight of commercial and international functions, in addition to operations.

Vernachio brings decades of experience in the retail industry and a long track record of building enduring brands. Prior to joining Allbirds, he spent four years as President of outdoor apparel and gear brand Mountain Hardwear, Inc., where he led a successful turnaround from declining sales and losses to robust growth and profitability. In his new role, Vernachio will oversee all operations and continue advancing Allbirds?s strategic transformation plan.

Mr. Vernachio holds an A.S. in Forest Sciences and Biology from Paul Smith?s College.