On March 3, 2021, Colonnade Acquisition Corp. announced that Sundari Mitra will be appointed to CLA’s board of directors by holders of CLA’s Class B ordinary shares in connection with the consummation of the Business Combination contemplated by the agreement and plan of merger, dated December 21, 2020, by and among CLA, Beam Merger Sub Inc. and Ouster Inc., and serve on CLA’s board of directors following the Business Combination. Ms. Mitra will also serve on the compensation committee and nominating and corporate governance committee of CLA’s board of directors. Ms. Mitra will serve on the board of directors in place of Krishna Kantheti. Ms. Mitra has served as Corporate Vice President of Intel Corporation since September 2018. Previously, Ms. Mitra was the Chief Executive Officer and a director at NetSpeed Systems from December 2011 to September 2018.