Aspen Aerogels, Inc. announced the retirement plans of the Company's CFO. John F. Fairbanks, Aspen's Chief Financial Officer, informed the Company of his intent to retire after 15 years of dedicated and valuable service to the Company. Mr. Fairbanks plans to step down from his role effective April 1, 2022.

Concurrently, Ricardo C. Rodriguez, the Company's Chief Strategy Officer, will succeed Mr. Fairbanks as CFO. Ricardo Rodriguez joined Aspen in November 2021 as the Company's Chief Strategy Officer. Mr. Rodriguez brings to Aspen deep strategic, operational, and financial experience in the auto industry.

Prior to joining Aspen, Ricardo was a Corporate Strategy Director at Aptiv, a $15 billion automotive technology company where he led the establishment of its Vehicle Electrification Systems group, among other value-adding initiatives. Previously, he has served in a variety of finance, planning and P&L leadership roles at ClearMotion, GM'sOnStar division, Amazon and Fiat Chrysler Automobiles (now Stellantis). In addition, Mr. Rodriguez worked as an investment banker at Lazard, where he focused on automotive M&A and restructuring advisory.