On January 27, 2021, the Board of Directors of Stepan Company increased the size of the Board by one to a total of eight directors and elected Lorinda Burgess as a director. Ms. Burgess was elected to Class III of the Board. The next election of Class III directors will be at the 2022 annual meeting of the Company’s stockholders. The Board also appointed Ms. Burgess as a member of the Board’s Audit Committee, Compensation and Development Committee, Compliance Committee and Nominating and Corporate Governance Committee. Ms. Burgess currently serves as Vice President, Finance and Chief Financial Officer, Americas Region of Medtronic Inc. Prior to joining Medtronic, Ms. Burgess held key finance and investor relations positions with Marshall Field's Corporation and BET Holdings Inc.