On April 19, 2016, Debt Resolve, Inc. announced that Stanley E. Freimuth, Chief Executive Officer and Acting Chief Financial Officer, indicated his intention to step down from those positions on May 15, 2016, after having led the company for much of the past three years. Mr. Freimuth will remain a director of the company and a consultant and will continue to provide his insight to the company as it executes the business plan that he was instrumental in creating. Bruce E. Bellmare, current Chief Operating Officer, will assume the positions of Chief Executive Officer and Acting Chief Financial Officer on May 16, 2016.

Mr. Bellmare has been Chief Operating Officer since February 2016 and, prior to then, an independent consultant to the company since 2015, assisting Mr. Freimuth on financial and operational matters.