Effective October 5, 2016, W. P. Carey Inc. promoted Mr. Arjun Mahalingam to chief accounting officer of the company, succeeding Ms. ToniAnn Sanzone, who resigned from that position, effective as of that same date, in anticipation of becoming the interim chief financial officer of the company on October 14, 2016, as previously reported. Mr. Mahalingam, age 32, joined the company in November 2013 and served as assistant controller until January 2015, when he became the company's controller. In that role, he was responsible for the internal controls, accounting and financial reporting of the company.

Prior to joining the company, Mr. Mahalingam worked from 2005 to 2013 in the assurance practice at Ernst & Young LLP.