On March 23, 2016 John Boucher resigned as President and Chief Executive Officer of ModusLink Global Solutions, Inc. On March 28, 2016, the Board of Directors of the company appointed Warren G. Lichtenstein as interim Chief Executive Officer effective immediately. Mr. Lichtenstein will remain Chairman of the Board. Mr. Lichtenstein, age 50, will serve as interim Chief Executive Officer while the Board conducts a search for a new Chief Executive Officer.

In addition, James R. Henderson, 58, has been appointed as the Chief Executive Officer of the company's principal operating subsidiary, ModusLink Corporation. Mr. Lichtenstein will not be separately compensated and Mr. Henderson's compensation has not been determined.