Presto Automation Inc.  announced that its Board of Directors has accepted the resignation of Rajat Suri, the Company's founder, as member of the Board to pursue other creative endeavors. Mr. Suri's resignation is effective immediately. He will serve as a Strategic Advisor to the Board going forward.

The Board announced the Scott D. Raskin, an independent member of the Board, would become the Company's Lead Independent Director, effective March 27, 2023. The Company has formed a search committee of its Board to recruit a successor to Mr. Suri.