e.l.f. Beauty, Inc. announced that on June 16, 2024, Richard Wolford informed the company that he would not stand for re-election at the upcoming 2024 annual meeting of stockholders of the Company to be held on August 22, 2024 and will resign from the Board of Directors of the Company effective as of the 2024 Annual Meeting. Mr. Wolford has been a director of the Company since 2014, and his decision to resign comes after a decade of service on the Board. His decision to resign is not due to any disagreement with the Company on any matter relating to its operations, policies, practices or otherwise.

Mr. Wolford?s prospective resignation date will help ensure an orderly transition as he will fulfill his services as a director of the Company and as the chair of the Audit Committee of the Board through the end of his current Board service term that ends immediately before the 2024 Annual Meeting. Mr. Wolford joined the Board in 2014 when the Company was private and has provided invaluable guidance through the Company?s growth to become the number 2 brand in U.S. mass color cosmetics, according to Nielsen xAOC data for the 12-week period ended March 23, 2024. On June 18, 2024, the Board appointed Maria Ferreras to the Board as a Class II director, effective as of August 22, 2024.

Ms. Ferreras will stand for election to the Board at the 2024 Annual Meeting. Since June 2021, Ms. Ferreras has served as the Global Head of Partnerships at Netflix, Inc. Ms. Ferreras joined Netflix as its Vice President, Business Development for EMEA in April 2017 and subsequently served as its Global Head of Business Development from February 2021 until appointed to her current position. Prior to joining Netflix, Ms. Ferreras was the Director of YouTube Partnerships for Alphabet Inc. (previously Google Inc.), a global technology company, from January 2007 to April 2017.

Ms. Ferreras has also served in a number of leadership and senior management roles for multinational companies such as Lycos, Orange S.A. and Telecom Italia. Ms. Ferreras holds a Master?s Degree in Telecommunications, Software Engineering from Universidad Politécnica de Madrid, a Marketing Postgraduate Degree from ESIC, Marketing School, and a Corporate Director Certificate from Harvard Business School.