On August 12, 2014, the Board of Directors of The ONE Group Hospitality, Inc. appointed Eugene M. Bullis as a Class II director until the 2015 annual meeting of the company's stockholders, effective immediately to fill the vacancy created by the resignation of Gerald W. Deitchle from the Board on June 5, 2014. Mr. Bullis has been appointed to serve on the Board's Audit Committee as its Chairman. Mr. Bullis, age 69, has served as a member of the Board of Directors and as Chairman of the Audit Committee of Ambac Financial Group, Inc. since May 2013, and has served as a Member of the Board of Governors of The Doctors Company since December 2010.

From November 2007 to April 2010, Mr. Bullis served as the Executive Vice President and Chief Financial Officer of The Hanover Insurance Group, Inc. Prior to joining The Hanover Insurance Group, Inc., Mr. Bullis served as Executive Vice President and Chief Financial Officer of Conseco, Inc. from May 2002 to May 2007. Previously, Mr. Bullis served in a number of senior financial officer roles primarily in technology-related businesses, including Chief Financial Officer of Wang Laboratories, Inc. Mr. Bullis began his career with a predecessor firm of what is now Ernst & Young LLP, where he advanced to audit partner with a concentration in services to insurance company clients.