Business
Gladstone Capital Corporation Announces Strategic Succession Plan
MCLEAN, VA / ACCESS Newswire / March 23, 2026 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced several executive officer
About this update from Gladstone Capital Corporation
[{"type":"text","content":"MCLEAN, VA / ACCESS Newswire / March 23, 2026 / Gladstone Capital Corporation (Nasdaq:GLAD) (the \"Company\") today announced several executive officer appointments in connection with the Company's strategic succession plan.David Gladstone has stepped down as the Company's Chief Executive Officer (\"CEO\"), effective immediately; however, he will remain as the Company's Chairman of the Board of Directors, a member of the Company's investment committee, and also continue as Chairman, CEO, and President of the Company's affiliated investment adviser, Gladstone Management Corporation.Robert Marcotte, who has served as the Company's President since 2013, has succeeded Mr. Gladstone as CEO, and John Sateri, a twenty-year veteran at Gladstone and a current member of the Company's investment committee, has been appointed Chief Investment Officer.Michael McQuigg, Executive Vice President of the Company since 2021 who joined the Gladstone team in 2015 and has assumed roles of increasing responsibility since then, will succeed Mr. Marcotte as President, effective October 1, 2026. Additionally, Andrew Ahlberg, one of the Company's Managing Directors who has been with Gladstone since 2014, has been appointed Executive Vice President of the Company, effective immediately.These promotions underscore the strength, depth, and continuity of the Company's leadership team.Mr. Gladstone founded Gladstone Capital in 2001 as one of the first business development companies focused on lending to lower middle market businesses (\"BDCs\"). Under his leadership, from the Company's initial public offering in August 2001 through December 31, 2025, the Company has completed 715 loans and investments across 294 companies, representing approximately $3.3 billion of invested capital, prior to principal repayments and realizations. It was one of the first BDCs to provide second lien loans, another visionary concept by Mr. Gladstone.Today's appointments are the result of a comprehensive strategic succession plan process designed to ensure long-term continuity, stability, and strategic alignment and reflect the Board's confidence in the management team's ability to lead the Company through its next phase of growth. This transition also separates the Chairman and CEO roles at the Company, further aligning with best practices for corporate governance and oversight.M...