On April 30, 2016, the board of directors of Voltari Corporation appointed Andreea Paraschivoiu as Chief Financial Officer of the company. Ms. Paraschivoiu will commence employment on or about May 9, 2016, and will initially be employed on a part-time basis until July 1, 2016, at which time she will transition to full-time employment. Since September 2011, Ms. Paraschivoiu has worked with RealFoundations. From June 2004 through November 2009, Ms. Paraschivoiu was a Director of Finance at AIG Global Real Estate Investment Corp., where she was responsible for overseeing investment accounting for a majority of the company's direct real estate investments.