The Board of Directors of Methanex Corporation announced that John Floren will retire as President and from the Board as of December 31, 2022. The Board has appointed Rich Sumner as President and member of the Board of Directors, effective January 1, 2023. Mr. Sumner currently holds the position of Methanex's Senior Vice President, Global Marketing & Logistics and has been with the company since 2004.

Rich Sumner Biography: Rich Summer is currently Methanex's Senior Vice President, Global Marketing and Logistics. In this role Mr. Sumner oversees Methanex's Marketing & Logistics functions, including the jointly owned shipping subsidiary, Waterfront Shipping, as well as Global Market Development. He also has executive oversight for Methanex's North American manufacturing operations.

Mr. Sumner is focused on strategies that enhance Methanex's global leadership position as the world's largest producer and supplier of methanol. Prior to his current role, Mr. Sumner held a variety of senior leadership roles in marketing and logistics, working in both North America and Asia, as well as leading the Supply Chain function. In addition, Mr. Sumner has a strong financial background and held several senior finance leadership positions at Methanex.

Mr. Sumner holds a Bachelor of Business Administration from Simon Fraser University, and he is a Chartered Professional Accountant. John Floren Biography: As Methanex's President & CEO, John Floren has been with Methanex since 2000 and appointed President & CEO in 2013. Under John's leadership, Methanex increased its production, increased its earnings capability, delivered strong cash flows and maintained a balanced approach to capital allocation including returning approximately $2 billion to shareholders through share repurchases and the quarterly dividend.