NN, Inc. announced that its Board of Directors has implemented a management transition plan to address the planned retirement of Warren Veltman, President. NN anticipates that Mr. Veltman will remain in the current position until March 31, 2023, which may be extended in order to facilitate an orderly transition. Following the respective retirement, the Company expects that Mr. Veltman will remain available on a consulting basis to assist with the management transition as needed.

In connection with the planned retirements, the Company has named Gunars Vinkels as the interim Chief Operating Officer of Power Solutions and Douglas Campos as the interim Chief Operating Officer of Mobile Solutions. Mr. Gunars Vinkels has almost thirty years of experience in the Power Solutions business beginning as an engineer and advancing to Operations Director at PEP Group at the time of its acquisition by NN in 2015. Since that time, Mr. Vinkels has progressed to Group Vice President of Operations for Power Solutions with a focus on the electrical businesses at NN. Mr. Vinkels holds a Bachelor of Science in Manufacturing from Worcester Polytechnic Institute and a Master of Science in Manufacturing Engineering from the University of Massachusetts at Lowell.

Mr. Douglas Campos began his career as a Commercial Director at Autocam'sBrazil operations in 2004, and served in roles of increasing responsibility following NN's acquisition of Autocam in 2014, including General Manager of South America Operations, and most recently as North American Sales Director of Mobile Solutions. Mr. Campos holds a Bachelor of Science in Chemical Engineering from Universidade Federal do Rio de Janeiro in Brazil, an Executive MBA from Fundação Dom Cabral/Northwestern (Kellogg School of Management) and a Master of Professional Administration, Business from Fundação Dom Cabral in Brazil.