Safe & Green Holdings Corp. Announces Appointment of Thomas Meharey to the Company’s Board of Directors

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Safe & Green Holdings Corp. has appointed Thomas Meharey as an independent member of the board of directors, increasing the board size to seven directors. Meharey has exceptional leadership skills and experience in the licensing industry, having served as a vice president and board member for kathy ireland® Worldwide. He also founded a general contracting business in Hawaii and managed multi-million-dollar projects. The CEO of Safe & Green Holdings believes Meharey's insights and experience will be invaluable as the company expands its modular construction expertise nationwide.

MIAMI--(BUSINESS WIRE)-- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced the appointment of Thomas Meharey as an independent member of the Company’s board of directors, increasing the size of the board to seven directors.

Thomas Meharey (Photo: Business Wire)

Thomas Meharey acquired exceptional leadership skills and learned the value of true discipline and integrity while serving our country as a marine from 1999-2003. Mr. Meharey currently serves as a vice president and board member for kathy ireland^® Worldwide (kiWW^®), the world's 14th most successful brand according to License Global! and the most valuable woman-owned licensing company in American history according to WWD. Mr. Meharey was appointed Vice President of kiWW in 2007 and as a board member of kiWW in 2017. During his time with kiWW, Mr. Meharey launched the MIVI Millennial brand for men and women alongside global lifestyle designer Kathy Ireland. Prior to that, Mr. Meharey served as the Director of kathy ireland Weddings and Resorts, where he managed a portfolio of properties in excess of $40 million dollars. Previously, Mr. Meharey founded a general contracting business in Hawaii, where he managed projects ranging from modest homes to multi-million-dollar estates.

Paul Galvin, Chairperson and CEO of Safe & Green Holdings stated, “I am delighted to welcome Thomas Meharey as the newest independent member of our board of directors. Thomas' insights from his leadership roles and his background in establishing a general contracting company in Hawaii are just some of the strengths he offers to the Safe & Green Holdings board. As we broaden our modular construction expertise nationwide, we believe that Thomas' vast experience and business insight will be an invaluable resource. I hold a deep respect for Thomas's military service, a clear indication of his steadfast leadership and unwavering commitment—qualities that I both hold in high esteem and greatly admire. We look forward to Thomas bringing these qualities to enrich the Safe & Green Holdings board.”

About Safe & Green Holdings Corp.

Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. The Company’s subsidiary, Safe and Green Development Corporation, is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel, sourced from one of SG Holdings’ factories and operated by the SG Echo subsidiary. For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.

Safe Harbor Statement

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include but are not limited to the factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231102033570/en/

Investor Relations:

Crescendo Communications, LLC

212-671-1020

SGBX@crescendo-ir.com

Source: Safe & Green Holdings Corp.

FAQ

Who is the new board member of Safe & Green Holdings?

The new board member of Safe & Green Holdings is Thomas Meharey.

What is Thomas Meharey's background?

Thomas Meharey has exceptional leadership skills and experience in the licensing industry. He served as a vice president and board member for kathy ireland® Worldwide, and also founded a general contracting business in Hawaii.

How many directors are there on Safe & Green Holdings' board?

There are now seven directors on Safe & Green Holdings' board.

What is the CEO's opinion of Thomas Meharey?

The CEO of Safe & Green Holdings holds a deep respect for Thomas Meharey's military service and believes his leadership and commitment qualities will enrich the board.

What is the focus of Safe & Green Holdings?

Safe & Green Holdings is a developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine.