On January 27, 2014, Lori A. Beer resigned as a member of the board of directors of Vantiv, Inc. as a result of a professional opportunity. The Board elected Mark Heimbouch, the company's chief financial officer, a director to fill the vacancy resulting from Ms. Beer's resignation while the Board conducts a search for an independent outside director. Mr. Heimbouch's election to the Board was effective January 28, 2014.