Global Future City Holding Inc. announced that on October 21, 2016, Mr. Ning (Sam) Liu resigned as the company's chief executive officer, president, and chairman of the board of directors as well as from all other positions held with the company's wholly-owned subsidiaries, effective immediately. The board approved and accepted Mr. Liu's resignation from such positions on October 21, 2016. On October 21, 2016, the board appointed Mr. Michael Dunn, 64, as the company's chief executive officer, president, and chairman of the board.

Mr. Dunn is also the company's current chief financial officer, chief operating officer, secretary, treasurer, and director. Mr. Dunn previously served as the company's chief executive officer and chairman of the board from May 28, 2008 until April 17, 2015.