Mr. Rich Sumner reports

METHANEX ANNOUNCES CHANGES TO EXECUTIVE LEADERSHIP TEAM

Methanex Corp. has made the following appointments to its executive leadership team (ELT) by Rich Sumner, who, as previously announced, will assume the role of president and chief executive officer as of Jan. 1, 2023.

• Dean Richardson, currently vice-president, corporate finance, has been appointed as senior vice-president, finance, and chief financial officer, as of Feb. 1, 2023. Mr. Richardson has worked closely with Ian Cameron, retiring senior vice-president, finance, and chief financial officer for over a decade, in a variety of progressively senior and strategic finance roles.
• Kevin Maloney, currently vice-president, corporate development, has been appointed as senior vice-president, corporate development, as of Jan. 1, 2023. Vanessa James will step down from her role as senior vice-president, corporate development and sustainability, and will support the transition through the first half of first quarter 2023. Mr. Maloney, in his current role, is the Geismar 3 (G3) project business owner and is well equipped to seamlessly take over executive leadership of G3, Methanex's highly advantaged project, which is expected to produce methanol in fourth quarter 2023.
• Gustavo Parra, currently vice-president, manufacturing strategy and planning, has been appointed as senior vice-president, manufacturing, as of Jan. 1, 2023. Kevin Henderson will retire as senior vice-president, manufacturing.
• Karine Delbarre, currently vice-president, North America marketing and logistics, has been appointed as senior vice-president, global marketing and logistics, as of Jan. 1, 2023, filling the vacancy left by Mr. Sumner following his appointment as president and chief executive officer.
• Mark Allard, currently vice-president of North America manufacturing, has been appointed as the senior vice-president, low carbon solutions, as of Jan. 1, 2023. The newly formed function demonstrates its commitment to identify and execute on opportunities for methanol in the transition to a low carbon economy.
• Kevin Price, currently general counsel and corporate secretary, has been appointed as senior vice-president, general counsel and corporate secretary, as of Jan. 1, 2023.

"I am excited to announce these changes to the executive leadership team. These appointments are the result of strong internal talent development and multiyear succession planning, which allows the company to make an orderly transition for the planned retirements of ELT. The new ELT members bring together over 120 years of leadership experience with the company, which will allow them to seamlessly step into their roles and make an immediate impact. To support the transition, Mr. Cameron, who has gained broad knowledge of our business and strategy over almost 30 years, will remain with Methanex in an advisory role," said Mr. Sumner. "We continue to focus on providing our customers with reliable methanol supply and generating strong returns for our shareholders. On behalf of everyone at Methanex, I want to thank Ian Cameron, Kevin Henderson and Vanessa James for their significant contributions to the company."

About Methanex Corp.

Methanex is the world's largest producer and supplier of methanol to major international markets in Asia Pacific, North America, Europe and South America. The company's methanol production sites are in New Zealand, the United States, Trinidad, Chile, Egypt and Canada. Methanex is headquartered in Vancouver, Canada, and the company's common shares trade on the Toronto Stock Exchange under the symbol MX and on the Nasdaq Global Select Market under the symbol MEOH.