Empower Ltd. announced management changes, in connection with the IPO, Krishnan Anand, Gina Bianchini, Jeffrey Jones and Beth Kaplan were appointed to the board of directors of the Company. The New Directors are independent directors. Effective October 6, 2020, Mr. Jones, Mr. Anand and Ms. Bianchini were appointed to the Board’s Audit Committee, with Mr. Jones serving as chair of that committee. Effective October 6, 2020, Ms. Kaplan, Mr. Anand and Ms. Bianchini were appointed as members of the Board’s Compensation, Nominating and Corporate Governance Committee, with Ms. Kaplan serving as chair of that committee. As a result of the appointment of the New Directors, the Board consists of the following directors, separated into the following three classes: Class I, consisting of Mr. Anand and Ms. Bianchini, whose terms of office will expire at the Company’s 2021 annual general meeting; Class II, consisting of Mr. Jones and Ms. Kaplan, whose terms of office will expire at the Company’s 2022 annual general meeting; and Class III, consisting of Mr. Rubel and Mr. Clempson, whose terms of office will expire at the Company’s 2023 annual general meeting.