Mr. Carestio's years of experience with STERIS, including his contributions to the success of STERIS and his operational and management experience, which are briefly described below, make him a valuable member of the Board. Daniel A. Carestio Mr. Carestio, age 48, currently serves as the Senior Vice President and Chief Operating Officer of the Company, a position he has held since August 1, 2018. On January 29, 2021, the Board determined, consistent with its succession planning process, that Mr. Carestio will succeed Mr. Rosebrough and elected Mr. Carestio as President and CEO of the Company, effective immediately following the Company's 2021 Annual General Meeting of Shareholders. Upon the effectiveness of such election, his base salary will be increased to an annual rate of $875,000 and his target bonus opportunity under the MICP will be increased to 110% of base salary.