Titan Energy, LLC announced that on August 23, 2018, Daniel C. Herz, the Chief Executive Officer of Titan Energy, LLC resigned his position as Chief Executive Officer of the Company to pursue other business activities. Following his resignation, Mr. Herz will remain in his position as a Class A Director of the Company. Following Mr. Herz's resignation, on August 28, 2018, the Board appointed Jeffrey M. Slotterback, the Company's current Chief Financial Officer, as principal executive officer.

Following his appointment, Mr. Slotterback will also continue to serve as the Company's principal financial officer. In addition, on August 28, 2018, the Board approved the appointment of R. Seth Bullock, a managing director of Alvarez & Marsal, LLC (A&M), as the Company's Chief Restructuring Officer. Mr. Bullock's services to the Company are billed by A&M, and he is not separately compensated by the Company for serving as its Chief Restructuring Officer.

A&M is not an affiliate of the Company or any of its subsidiaries. Mr. Bullock, is a Managing Director with A&M and has been with the firm since 2014. Prior to joining A&M, Mr. Bullock worked withseveral restructuring and investment advisory firms. Following Mr. Bullock's appointment, he, along with Mr. Slotterback and Christopher K. Walker, the Company's Chief Operating Officer, will each report directly to the Board.