On February 23, 2016, Sitestar Corporation announced that Roger Malouf resigned as a member of the company's Board of Directors. Mr. Malouf informed the company of his resignation on February 17, 2016 and the resignation was effective on February 22, 2016. On February 23, 2016, the company announced that it appointed Christopher Payne, 44, as a member of the board.

Mr. Payne was appointed by the board at its meeting on February 17, 2016 and the appointment was effective on February 22, 2016. Mr. Payne will serve on the Audit Committee. Mr. Payne is currently a manager at a private business valuation firm in Rochester, New York.

He has more than 15 years of consulting, corporate finance and Big Four experience. He holds an MBA from George Mason University and a Bachelor of Science in Financial Management from the University of North Carolina at Charlotte. On February 17, 2016, the board elected Steve L. Kiel as the President and Chief Executive Officer of the company.

Since December 14, 2015 Mr. Kiel has served as the interim President and CEO of the company. On February 17, 2016, the board elected Jeffrey I. Moore as Chairman of the board. Mr. Moore has served on the board since October 21, 2013.