Colfax Corporation, which will rename as Enovis Corporation (‘Enovis') following the expected April 4, 2022 consummation of the company's previously announced spin-off of its fabrication technology business (the ‘Separation'), which will operate as ESAB Corporation (‘ESAB') after the Separation, announced the future composition of the full ESAB Board of Directors (the ‘Board'). Following the Separation, Mitchell P. Rales will serve as chairman of the Board, and current Colfax directors Patrick W. Allender, Rhonda L. Jordan, Didier Teirlinck and Rajiv Vinnakota will serve as directors of ESAB. In addition, the Board has appointed Robert S. Lutz, Stephanie M. Phillipps and ESAB President and CEO, Shyam P. Kambeyanda, to join the Board, effective upon the consummation of the Separation.

Christopher M. Hix, Colfax's Executive Vice President and Chief Financial Officer, also will serve as a member of the Board. Mr. Rales is a co-founder of Colfax and has served as a director of Colfax since its founding in 1995. He is currently the Chairman of the Colfax board of directors and will serve as the Chairman of the ESAB and Enovis boards following the Separation.

Mr. Rales is a co-founder and has served as a member of the board of directors of Danaher Corporation, since 1983, served as Chairman of Danaher's Executive Committee since 1984, and served as a member of the board of directors of Fortive Corporation, from 2016 to June 2021. Mr. Kambeyanda has been Executive Vice President of Colfax since December 2019 and President and Chief Executive Officer of ESAB since May 2016. Prior to joining Colfax, Mr. Kambeyanda spent over twenty years at Eaton Corporation, most recently as the President Americas for Eaton Corporation's Hydraulics Group.

Mr. Allender has served as a director of Colfax since May 13, 2008. He is the former Executive Vice President and Chief Financial Officer of Danaher Corporation, where he served from 1987 until his retirement in 2007. Mr. Allender is a director of Brady Corporation, where he is a member of the audit and corporate governance committees and the chairman of the finance committee.

At ESAB, Mr. Allender will serve as the Chair of the Audit Committee and a member of the Nominating and Corporate Governance Committee of the Board. Mr. Hix has been Executive Vice President, Finance, Chief Financial Officer of Colfax since December 2019 and prior to such position served as Senior Vice President, Finance, of Colfax since July 2016. Prior to joining Colfax, Mr. Hix was the Chief Financial Officer of OM Group Inc. Previously, Mr. Hix was the Chief Financial Officer of Robbins & Myers, from 2006 to 2011.

Ms. Jordan has served as a director of Colfax since February 17, 2009. She served as President, Global Health & Wellness, and Sustainability for Kraft Foods Inc. until 2012 and in that role led the development of Kraft's health & wellness and sustainability strategies and plans for the company, including marketing, product development, technology, alliances and acquisitions. Ms. Jordan is a director of Ingredion Incorporated, where she is chair of the compensation committee, and the private companies Bush Brothers & Company and G&L Holdings.

At ESAB, Ms. Jordan will serve as the Chair of the Compensation and Human Capital Management Committee and a member of the Nominating and Corporate Governance Committee of the Board. Mr. Lutz has been with Danaher Corporation, since 2002 and has served as its Senior Vice President, Finance since January 2022 in an advisory role to Danaher's global finance organization. Prior to this role, Mr. Lutz served as Danaher's Chief Accounting Officer from March 2003 through December 2021.

At ESAB, Mr. Lutz will serve as a member of the Audit Committee of the Board. Ms. Phillipps was a partner at Arnold & Porter, from 1984 until her retirement in 2019. Since January 2021, she has served on the board of directors and nominating and corporate governance committee of Empowerment and Inclusion Capital I Corp.

Ms. Phillipps also currently serves as a senior advisor to Grain Management LLC, Treasurer and board member of the Clara Elizabeth Jackson Carter Foundation, co-founder and board member of the Harvard Law School Black Alumni Network, board member of The Ellington Fund, and founder and Chief Executive Officer of Genkast LLC. At ESAB, Ms. Phillipps will serve as a member of the Compensation and Human Capital Management Committee of the Board. Mr. Teirlinckhas served as a director of Colfax since September 18, 2017.

He retired from Ingersoll Rand, in September 2018. He has been a strategic advisor to the CEO of Ingersoll Rand since 2017, and previously served from November 2013 as executive vice president for Ingersoll Rand's Climate segment, overseeing climate businesses around the world and enhancing competitive position and market share. At ESAB, Mr. Teirlinck will serve as a member of the Audit Committee of the Board.

Mr. Vinnakotahas served as a director of Colfax since May 13, 2008. Since July 2019, he has served as President of the Institute for Citizens & Scholars. At ESAB, Mr. Vinnakota will serve as Chair of the Nominating and Corporate Governance Committee and a member of the Compensation and Human Capital Management Committee of the Board.