Systemax Inc. announced that effective January 7, 2019, Mr. Barry Litwin, a member of the company's Board of Directors, became the Chief Executive Officer of Systemax Inc. and accordingly no longer meets the standards for independence required by the New York Stock Exchange ("NYSE") and Securities and Exchange Commission ("SEC") rules. Mr. Litwin has resigned his membership on the company's Audit Committee, Compensation Committee and Nominating/Corporate Governance Committee, but remains a member of the Board. Effective January 7, 2019, the company's Board of Directors elected Mr. Paul Pearlman to serve as an independent member of the Board of Directors, and he has been appointed as a member of the Audit Committee, the Compensation Committee and the Nominating/Corporate Governance Committee, for a term ending at the Annual Meeting of Stockholders to be held in 2019 and until his successor is appointed and qualified (or until his earlier death, disqualification, resignation or removal), at which time it is expected he will stand for election with the other members of the Board.