On March 17, 2026, Churchill Capital Corp XI announced the appointment of Paul Lapping and Stephen Murphy as directors of its board. This decision is part of a strategic move to enhance the company's governance and oversight capabilities. Both appointees bring extensive experience in investment and corporate governance, which is expected to strengthen the board's effectiveness. Lapping, who is 63, has a background in managing investments across various sectors, including technology and healthcare. Murphy, aged 62, has significant experience in investment banking and has served on the boards of several companies. In addition to their appointments, both directors will serve on the compensation and audit committees, with Lapping taking on the role of chairperson of the audit committee, succeeding William Sherman. The board's restructuring aims to ensure robust oversight as the company prepares for its upcoming business combination. Furthermore, the company has established a director compensation agreement, providing each director with an annual cash compensation of $75,000, effective from April 1, 2026. This move is seen as a positive step towards aligning the interests of the board with those of the shareholders, enhancing accountability and governance standards within the company.

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