Monitronics International, Inc. and its subsidiaries announced the following management changes: Jeff Gardner to Step Down, Effective Immediately. Jeff Gardner, President and Chief Executive Officer, has stepped down from his position and from the Company's Board of Directors effective immediately. William Niles Named Interim Chief Executive Officer of Brinks Home Security.

Effective immediately, the Company's Board of Directors has named William Niles, the Company's Chief Transformation Officer and General Counsel, as interim Chief Executive Officer. Mr. Niles comes to the role of interim CEO following a long relationship with the Company. Prior to joining Brinks Home Security in September 2019, Mr. Niles served as Chief Executive Officer of Ascent Capital Group, Inc., the parent corporation of Brinks Home Security.

Since 2010 Mr. Niles has worked in the Home Security industry and brings with him a wealth of experience including expertise in the dealer and direct to consumer sales channels, capital markets, mergers and acquisitions and strategic partnerships. Mr. Niles was instrumental in establishing the Company's strategic Brand relationship with Brinks Inc. and its commercial relationship with NEST. The appointment of Mr. Niles is coupled with a comprehensive search to name a permanent CEO for Brinks Home Security, which is expected to commence shortly.

Mr. Niles will remain in his role as interim CEO until the transition to a permanent CEO has been completed.