Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (OTC: RBTC), a leading provider of technology-based waste and recycling solutions, today announced the appointment of Michael Dulin as Chief Executive Officer, effective immediately.

Dulin was appointed to Rubicon’s Board of Directors (the “Board”) in November 2024. Osman Ahmed, Rubicon’s Interim CEO, will remain on the Company’s Board.

Dulin comes to Rubicon having demonstrated strategic and results-driven leadership throughout his career. With more than two decades of experience in visionary leadership, Dulin has consistently overseen transformational growth and innovation in environmental solutions, while providing exceptional customer satisfaction.

“We are thrilled to have Mike take the helm at Rubicon,” said Andres Chico, Chairman of the Rubicon Board. “With his deep expertise in environmental services and track record of driving growth, we are confident that Rubicon will continue to innovate and expand under Mike’s leadership.”

“It has been an honor leading Rubicon during this transition period,” said Osman Ahmed, Rubicon’s Interim CEO. “Mike brings a wealth of industry experience and relationships and is the ideal leader to move the Company forward. I look forward to supporting Mike as he guides Rubicon into its next chapter.”

Dulin’s diverse background provides in-depth knowledge of waste processing, infrastructure, and technology, with a deep network in the environmental field. Dulin’s appointment is expected to drive Rubicon’s next phase of growth, enhancing its leadership in sustainability-driven waste management and environmental solutions.

“I am excited to lead Rubicon and our team as we continue to provide innovative sustainable solutions for our clients that create a positive impact on our society and the planet,” said Dulin. “Rubicon’s commitment to advancing the circular economy and helping businesses become more intelligent on how to reduce their environmental impact is inspiring.”

Dulin comes to Rubicon from Circulus Holdings, PBLLC (“Circulus”) where he held the role of CEO. Prior to Circulus, Dulin held the position of CEO at HEPACO, President and Chief Operating Officer at Shamrock Environmental Corporation, and President of Envita Solutions.

Dulin holds a B.A. in Environmental Management, an M.S. in Environmental Systems, and an M.P.H. in Public Health and Industrial Hygiene, all from the University of Kentucky.

About Rubicon

Rubicon builds technology products and provides expert sustainability solutions to waste generators and material processors to help them understand, manage, and reduce waste. As a mission-driven company, Rubicon helps its customers improve operational efficiency, unlock economic value, and deliver better environmental outcomes. To learn more, visit rubicon.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon current expectations, estimates, projections, and assumptions that, while considered reasonable by Rubicon and its management, are inherently uncertain; factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be instituted against Rubicon or others following the closing of the business combination; 2) changes in applicable laws or regulations; 3) the possibility that Rubicon may be adversely affected by other economic, business and/or competitive factors; 4) Rubicon’s execution of anticipated operational efficiency initiatives, cost reduction measures and financing arrangements; and 5) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (filed March 28, 2024 with the Securities and Exchange Commission (the “SEC”)), Registration Statement on Form S-3, as amended, filed with the SEC, and other documents Rubicon has filed with the SEC. Although Rubicon believes the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. There may be additional risks that Rubicon presently does not know of or that Rubicon currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements, many of which are beyond Rubicon’s control. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Rubicon does not undertake, and expressly disclaims, any duty to update these forward-looking statements, except as otherwise required by applicable law.

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