Business
Great Elm Capital Corp. Announces New Board Leadership
New members will enhance board’s focus on portfolio performance and value for shareholders WALTHAM, Mass., March 04, 2022 (GLOBE NEWSWIRE) -- Great Elm
About this update from Great Elm Group, Inc.
[{"type":"text","content":"New members will enhance board’s focus on portfolio performance and value for shareholders\nWALTHAM, Mass., March 04, 2022 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“we,” “us,” “our,” the “Company” or “GECC”) (NASDAQ: GECC), a business development company, today announced various enhancements to its leadership with the appointment of two new members to its board of directors (the “Board”), including a new Board chairman, who will each help support the Company’s growth objectives. GECC expects to name an additional independent director shortly. “We are delighted to welcome such a strong group of new Board members who bring diverse expertise and insight to our work in specialty finance and credit investing,” said Matt Kaplan, newly appointed CEO of GECC. “We have worked diligently to ensure GECC’s board represents a variety of financial backgrounds, and the newest board members, together with existing Board members Mark Kuperschmid and Erik Falk, exemplify leadership qualities that align with our strategic vision.” The new board members are: Matthew Drapkin, who will serve as Chairman of the Board and will not receive any compensation for his service on the Board. Mr. Drapkin is Chief Executive Officer & Portfolio Manager at Northern Right Capital, an alternative asset manager focused on small and mid-cap public companies, which is one of GECC’s largest shareholders. Northern Right Capital has extensive public company board experience, having successfully created value for shareholders in numerous engagements on public company boards across a variety of asset classes. Before founding Northern Right Capital Management in December 2009, Mr. Drapkin had extensive investment experience, including his work as head of research, special situations, and private equity at ENSO Capital, a New York-based hedge fund. From 2003 to 2008, Mr. Drapkin worked at MacAndrews & Forbes, participating in more than $3 billion of transactions, including Scientific Games, Deluxe Entertainment Services, AM General, and Scantron. Prior to MacAndrews, Mr. Drapkin served as general manager of two of Conde Nast publication’s wholly-owned Internet sites, Epicurious.com and Concierge.com, and headed Conde Nast’s internet venture investment effort. Mr. Drapkin began his career at Goldman, Sachs and Co. Mr. Drapkin holds a J.D. from Columbia Law School, an M.B....