On March 1, 2020, Mr. Stephen J. Gold, a member of the Board of Directors of World Fuel Services Corporation announced the company that he will not be standing for re-election at the Company's 2020 annual meeting of shareholders. The decision by Mr. Gold reflects his desire to devote more time to other commitments and activities, and it was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.