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Mr. Gendell is the Chief Executive Officer of the Company, a role he has held since October 1, 2020. Previously, Mr. Gendell served as Interim Chief Executive Officer. Mr. Gendell was elected to the Board in November, 2016. Mr. Gendell is the founder and managing member of Tontine Associates, LLC, which, together with its affiliates (collectively, “Tontine”), is a private investment management firm and the majority shareholder of the Company. Mr. Gendell formed Tontine in 1995 and manages all of the investment decisions at the firm, where he has built an extensive record in public and private investing across industries. Prior to forming Tontine, Mr. Gendell held senior investment management positions at several other private investment firms, including Odyssey Partners, L.P., and began his career in investment banking over 30 years ago at Smith Barney, Harris Upham & Co. where he was involved in capital markets, corporate finance and M&A activity. He holds a Bachelor’s degree from Duke University and a Masters of Business Administration from the Wharton School of the University of Pennsylvania.