Petroleum Service Company Board Member Mark J. DeCesaris Appointed CEO of W.P. Carey Inc.

We’re proud to announce that Mark J. DeCesaris has been appointed Chief Executive Officer of W.P. Carey, Inc.

Mr. DeCesaris has served on Petroleum Service Company’s Board for 9 years, amongst his many accolades, including serving as W.P. Carey’s Acting Chief Financial Officer, Executive Vice President for Southern Union Company, Senior Vice President for Penn Millers Insurance Company, Chief Operating Officer of Penn Software, & Chief Executive Officer of System of System One Solutions.

Petroleum Service Company’s President & CEO, Richard A. Rose Jr.:

“Mark has and continues to bring an extraordinary amount of financial and operational guidance to our board. We wish him continued success in his new role as CEO of W.P. Carey.”

About W.P. Carey Inc.:

W.P. Carey Inc. is a leading global net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. At September 30, 2015, the Company had an enterprise value of approximately $10.4 billion. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $10.5 billion. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades.

www.wpcarey.com

Mr. DeCesaris has played an important role in Petroleum Service Company’s guidance as a company, and we are proud and excited to see him continue his success as W.P. Carey’s CEO.

Read the full press release here: http://ir.wpcarey.com/file.aspx?IID=4054624&FID=32879623