On August 31, 2016, Brigitte Rousseau was terminated from her position as Chief Financial Officer of PFO Global, Inc. On September 12, 2016, the board of directors of the company appointed Mahesh Shetty, the company’s Chief Restructuring Officer, to also serve in the role as the company’s principal financial officer. Mr. Shetty, 57, has been a consultant to the company since December 2015 in the role of Chief Restructuring Officer. Since July 2016, he has served as the Chief Financial Officer of SG Blocks, Inc. From 2008 to 2015, Mr. Shetty served as the Partner, Chief Operating Officer and Chief Financial Officer of Encore Enterprises, Inc.