Digital World Acquisition Corp. announced that Eric Swider, a member of DWAC's Board of Directors (Board) since DWAC's IPO, has been appointed interim Chief Executive Officer, effective immediately. Mr. Swider succeeds Patrick Orlando, who was terminated from his positions as CEO and Chairman of the Board after having served for the past 1.5 years.

As the Board executes its succession plan, it looks forward to a fully realigned management team to best meet the challenges the Company faces. Mr. Orlando will remain as a Director on the Board. Mr. Swider was named as Interim CEO while the Board works to complete its succession plan and confirms a new Independent Board member and CFO.

In connection with the confirmation of a full slate of officers, Mr. Swider shall be considered for the permanent position of CEO. Eric Swider has served as a Board Member since DWAC's IPO. Mr. Swider brings to the company a firm view on compliance and transparency that is steeped in decades of complex transaction resolution across multiple sectors and industries.

Mr. Swider has worked with both public and private sector clients and most recently served as the lead litigation consultant for a global manufacturing firm to resolve multiple complex legal challenges.