Primo Water Corporation announced that Tom Harrington, a member of the Company's Board of Directors since January 2019, has informed the Board that he intends to retire as the Company's CEO, with a target effective date of December 31, 2023. To ensure a smooth transition, Mr. Harrington will continue to serve as CEO and on the Company's Board of Directors until the Board has identified and appointed a successor. The Board has initiated a search to identify the Company's next CEO and has engaged a leading executive search firm to assist in the process.

In order to facilitate a comprehensive process, the Board will evaluate both internal and external candidates.