TPG · TPG Inc.

TPG Inc. advanced its previously disclosed governance transition by expanding the board from 13 to 14 members and appointing retired U.S. Navy Four-Star Admiral William H. McRaven as an independent director, effective May 1, 2026. This move aligns with the company's goal of majority independent oversight, with McRaven qualifying for the Compensation and Conflicts Committees under Nasdaq and SEC independence rules. His extensive background in national security, foreign policy advising to U.S. presidents, and current roles at Lazard, ConocoPhillips, and academia positions him to provide strategic insight amid TPG's transformative growth and diversification. Leadership, including Executive Chairman Jim Coulter and CEO Jon Winkelried, highlighted McRaven's global perspective and leadership through complexity as key assets for executing strategic priorities. No arrangements influenced the appointment, and compensation follows the standard policy for independent directors, signaling continuity in governance practices.