Fifth Street Senior Floating Rate Taps Gordon Brothers Executive as New CEO; Current CEO, President to Depart

Shutterstock photo

Fifth Street Senior Floating Rate ( FSFR ) named Patrick Dalton as the company's next chief executive officer, as the company said both CEO Ivelin Dimitrov and President Todd Owens will step down from their respective positions, effective Jan. 2.

Dalton was previously named CEO of Fifth Street Finance Corp ( FSC ) and as co-president of Fifth Street Asset Management ( FSAM ) on Nov. 30, and will also take over Jan. 2. Coming from Gordon Brothers Finance, Dalton most recently worked as the president, CEO and chair of the company's investment committee from 2012 to 2016. He has also worked as an executive at Apollo Investment, Goldman Sachs and Chase Securities.

"With Patrick having full responsibility for FSFR's investment and operating strategy, we look forward to continuing to execute on our strategic plan to deliver enhanced stockholder value," said Bernard Berman, chairman of FSFR's board.

Shares for the company were last down 0.8% at the market's close Tuesday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , ETFs
Referenced Symbols: FSAM

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?