AvidXchange Holdings, Inc. has refreshed its Board of Directors with the appointment of Oni Chukwu and Arthur J. Rubado. Chukwu and Rubado will replace previous board members Matthew Harris and Wendy Murdock. Chukwu, joining as a Class I director, has a wealth of experience in leadership roles across various companies and industries. Rubado, appointed as a Class III director, brings an extensive background in managing, leading, advising, and investing in companies. Both Chukwu and Rubado's terms will expire at the company's annual stockholders meetings in 2025 and 2024, respectively. The changes in the board composition were made following AvidXchange's successful IPO and the company's post-IPO performance. AvidXchange's CEO, Michael S. Praeger, expressed his excitement about the new directors and highlighted their strategic, operational, and financial expertise as the company aims to grow into a $1 billion enterprise. [6406f5b8]