At a Board of Directors meeting, Wilmot H. Kidd announced that he will step down as Chief Executive Officer of Central Securities Corporation as of December 31, 2021. He will continue to serve the Corporation as Chairman of the Board of Directors. Mr. Kidd was succeeded as President of the Corporation in March 2018 by John C. Hill. On May 19, 2021, in addition to his position as President, Mr. Hill was unanimously elected to succeed Mr. Kidd as Chief Executive Officer effective January 1, 2022. Mr. Hill was also elected to the Corporation’s Board of Directors effective May 19, 2021.