GSE Systems Announces Change to Board of Directors and Management Team

COLUMBIA, MD – September 19, 2019 – GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP), a leading provider of professional and technical engineering, staffing services, and simulation software to clients in the power and process industries, today announced that Chris Sorrells, Chief Operating Officer and member of the Board of Directors, will depart from the Company on September 30, 2019. Mr. Sorrells resigned from GSE’s Board of Directors, effective immediately, and from his position as Chief Operating Officer of the Company. Mr. Sorrells informed the Board that his resignation was not the result of any disagreements with the Company on any matters relating to its operations, policies or practices. Kyle Loudermilk, President and Chief Executive Officer, will assume Mr. Sorrells’ responsibilities and the Company does not plan to fill the Chief Operating Officer position. The Board will evaluate its options with regard to the director position vacated by Mr. Sorrells at its next regular meeting.

GSE’s President and Chief Executive Officer, Kyle Loudermilk, stated, “We thank Chris for his significant contributions to GSE during the last several years. He joined me to help stabilize the company, recruit new talent and lead our M&A growth strategy.  Chris expected to serve in the COO role for only one year, but that quickly turned into four. Throughout that time Chris placed the Company ahead of his own self-interest, commuting from Dallas to Baltimore each week. Chris helped us build GSE into a vibrant technical engineering and staffing services platform serving the complex needs of the global power industry.  Chris looks forward to refocusing his priorities back to his family in Texas.  We wish him the best in his next endeavor and we look forward to his support as a stockholder of the Company.”