Josh Maxfield to assume General Counsel role from retiring Garmin veteran Andrew Etkind

SCHAFFHAUSEN, Switzerland, April 8, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN), announced today that Garmin veteran Andrew Etkind is stepping down from the role of General Counsel effective July 1, 2024. Etkind will continue to serve as Vice President and Secretary for Garmin Ltd. with Josh Maxfield assuming the role of Vice President, General Counsel and Assistant Secretary.

Etkind joined Garmin in 1998 as the company's first General Counsel. He was a key contributor in Garmin's initial public offering and has developed a strong global in-house legal team with expertise in a broad range of legal and business matters including intellectual property, litigation, compliance, contract negotiation, mergers and acquisitions, and corporate governance.

Since joining Garmin in 2006, Maxfield has held roles with increasing responsibilities and is currently serving as an Associate General Counsel and Assistant Secretary. He has worked closely with Etkind on significant legal and business matters that have uniquely prepared him for the role of General Counsel, including international corporate law, securities law, mergers and acquisitions, compliance, data privacy and cybersecurity, and corporate governance. Prior to joining Garmin, Maxfield was a member of the corporate and transactions practice group at the Polsinelli law firm in Kansas City.

"Andrew Etkind has been at the forefront of the most consequential business and legal matters that shaped Garmin into the company it is today. On behalf of our leadership team and our Board of Directors, we are deeply grateful for Andrew's significant contributions over the years and look forward to his ongoing service. I have worked closely with Josh Maxfield for many years on our most important legal and business matters and appreciate him as a strong, yet humble leader, and as a versatile hands-on contributor. I have full confidence in Josh, and I congratulate him on his new role." —Cliff Pemble, President and CEO

About Garmin Ltd.: Garmin Ltd. (NYSE:GRMN) incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 31, 2023, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Media contact:

Krista Klaus

Garmin Corporate Communications

913-440-1422

corporate.communications@garmin.com

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SOURCE Garmin Ltd.