On August 10, 2023, Terry D. Shaw, Chair of the Board of Directors of Premier, Inc. informed the company of his intention to resign from the Board effective October 1, 2023, which is the tenth anniversary of his joining the Board. The Board appointed Richard J. Statuto, the current Vice Chair of the Board, to succeed Mr. Shaw as Chair of the Board effective October 1, 2023 as part of a planned transition. Mr. Shaw has agreed to serve as a co-Chair of Premier's Board Advisory Council, a group of C-suite leaders that meets quarterly to provide customer feedback to management and the Board on the Company's products, services and strategic initiatives.

As a result of Mr. Shaw's departure from the Board and his resulting departure from the Nominating and Governance Committee of the Board, effective as of October 1, 2023, the Nominating and Governance Committee recommended certain committee changes, which were approved by the Board. Mr. Statuto will step down as Chair of the Nominating and Governance Committee but continue to serve as a member of the Nominating and Governance Committee. Jody R. Davids, a current member of the Nominating and Governance Committee, will succeed Mr. Statuto as Chair of the Nominating and Governance Committee.

John T. Bigalke, a current independent director, was appointed to serve as a member of the Nominating and Governance Committee to replace Mr. Shaw.