[October 24, 2016]

Stream Announces Chairman Transition

Stream, a leading energy, connected life services and direct selling company, today announced that Rob Snyder has stepped down as chairman.

"After 13 years in this role, now is a good time for others to take the lead in respect of Stream's future direction and growth," said Snyder.

Stream's board of directors has named current board member Mark "Bouncer" Schiro to succeed Snyder as non-executive chairman. Snyder, who together with Pierre Koshakji co-founded Stream during 2004, will remain a non-executive board member as part of this planned transition as well as its largest equity holder.

Donald Kendall, an independent Stream board member, stated, "On behalf of the board, I want to thank Rob for his many contributions to Stream over his distinguished career, including his time as chairman. As chairman, Rob oversaw significant, profitable growth and was critical in setting the stage for Stream's next phase of growth."

"The board believes that Bouncer is uniquely suited to serve as chairman," continued Kendall. "His prior experience with Stream, including as its chief executive officer, is a testament to his ability to partner with management and be a key architect for growth."

Schiro said, "I appreciate the trust and confidence that the board is placing in me with this appointment. I am fortunate to transition into the chairman role following Rob's strong oversight for many years. Stream has many opportunities to continue to profitably grow, and I am committed to support CEO Larry Mondry and his management team to drive long-term value for Stream employees, Associates, customers, and stakeholders."

Stream (Stream Energy) is a Dallas-based leading energy, connected life services and direct selling company. Founded in 2005, the company's innovative deployment of direct selling revolutionized the energy industry, generating more than $7 billion in total revenue in just ten years and transforming it into one of the largest direct selling companies in the global energy market.

Stream Connected Services (Energy Services, Wireless Services, Protective Services, and Home Services) work seamlessly together to fit customers' on-the-go lifestyles, keeping them connected, wherever they are. Energy Services are currently available in Texas, Georgia, Pennsylvania, Maryland, New Jersey, Washington, D.C., and New York. All of Stream's other services are available nationwide.

To learn more about Stream, visit www.mystream.com and connect with Stream on Facebook, Twitter, YouTube, and Instagram.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161024006334/en/

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