CoTec Holdings Corp. announced the appointment of Sharon Fay to its Board of Directors as non-executive director. Ms. Fay is an accomplished leader with over 35 years' experience in the investment industry.

For 20 years, she served as a research analyst and portfolio manager, for North American, European and, ultimately, Global portfolios for AllianceBernstein. She founded the firm's London office, where she served for 9 years before returning to the U.S. to become Head of Equities, leading the firm's research analysts, portfolio managers and traders. Before retiring from AllianceBernstein in 2021, she served as the firm's first Head of Responsibility.

During her tenure, she created a strategy and built the Corporate Responsibility and Responsible Investment teams, propelling the firm as a leader in the field. She is seasoned at evaluating companies' value creation strategies, successfully leading a global business, and attracting, developing, and retaining top talent. In addition, Ms. Fay is a Chartered Financial Analyst and has a BA from Brown University and an MBA from Harvard Business School.

Contemporaneously with the appointment of Ms. Fay, as is customary for North America, Mr. Abraham Jonker will vacate his role as a member of the Board and will continue to serve as Chief Financial Officer and Corporate Secretary of the Company.