On January 15, 2014, the Board of Directors of GlyEco, Inc. voted to increase the size of the Board from five members to seven members and thereafter appointed Everett Alexander and Dwight B. Mamanteo to fill the resulting vacancies and serve as members of the Board, effective immediately. Since 2002, Mr. Alexander has worked in the investment management industry, analyzing and investing in companies across a broad range of industries. Previously, he worked for Texaco Inc., in their Global Gas & Power Division, where he helped manage the firm's proprietary gasification technology licensing and project development effort in Asia.

His responsibilities included negotiating licensing agreements and arranging project financing. Mr. Mamanteo has served as a Portfolio Manager at Wynnefield Capital, Inc. Since March 2007, Mr. Mamanteo has served on the Board of Directors of MAM Software Group, Inc. Mr. Mamanteo serves as the Chairman of the Compensation Committee and as a member of the Audit and Governance Committees. Since June 2013, Mr. Mamanteo has served on the Board of Directors of ARI Network Services, Inc.