Carlson Board Change

Richard (Rick) Carlson Gage appointed Chair of Carlson Inc.

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MINNEAPOLIS,
USA – EQS – 5 August 2019 – Carlson Inc.,
an international travel management company and private investment firm,
announces the appointment of Richard “Rick” Gage as its Non-Executive Chair of the
Board, effective August 2, 2019.

Appointed
Vice-Chair in 2018, Rick succeeds Diana Nelson, who completes her term as Chair
of the Board of the company, after two successive terms, as required by the
Charter of the Board.

Under
Diana’s stewardship, Carlson underwent a substantial restructuring of its
portfolio of businesses, including the sale of its hotels and restaurants; the
purchase of 100% of CWT, the B2B4E (business to business organization that
ultimately serves our clients’ employees) travel management platform; and the
launch of Carlson Private Capital Partners, a privately-held middle market
investment firm. She remains a member of the board.

“On behalf
of the Board of Directors, I am delighted to announce our decision to appoint
Rick as Chair of Carlson Inc., following his effective role as Vice Chair,”
said Michael Sweeney, Chair of the Nominating and Governance Committee of The
Board of Directors, Carlson Inc. “The Board also expresses its gratitude to
Diana for her leadership of the company these past six years and for
positioning Carlson for sustainable, long-term growth. We look forward to an
orderly transition of Board leadership under Rick’s direction.”

A director
of Carlson Inc. for the past decade, Rick is the founder and former CEO of
YourMLSsearch.com, a leader in IDX property search, real estate website design,
and online marketing. He is on the board of the Carlson Family Foundation,
where he has served for more than 20 years. Rick is also a director of the
World Childhood Foundation.

He is a
graduate of Augsburg University, with a Bachelor of Arts degree in English
Literature.

About Carlson (www.carlson.com)

Now in its
third generation of closely held family ownership, Carlson is an international
travel management company and private investment firm, operating in nearly 145
countries and territories. The foundation of its portfolio of businesses is
wholly-owned global travel industry leader, CWT, the B2B4E (business to
business for employees) travel management platform. Carlson Private Capital
Partners, a middle-market investment firm, was formed by the Carlson family and
launched in 2018.