Ares Capital Corporation Appoints Jim Miller as Co-President
Ares Capital (NASDAQ: ARCC) announced key leadership changes. Jim Miller was appointed as Co-President alongside Kort Schnabel. The Board of Directors expanded with Mitch Goldstein joining as a new member. Goldstein and Michael L. Smith were appointed as Co-Chairmen of the Board, replacing Michael Arougheti, who remains as Director. Kipp deVeer continues as Director and CEO. Miller, who joined Ares in 2006, serves as Co-Head of U.S. Direct Lending strategy and co-leads the Sports, Media and Entertainment strategy.
Ares Capital (NASDAQ: ARCC) ha annunciato importanti cambiamenti nella leadership. Jim Miller è stato nominato Co-Presidente insieme a Kort Schnabel. Il Consiglio di Amministrazione si è ampliato con l'ingresso di Mitch Goldstein come nuovo membro. Goldstein e Michael L. Smith sono stati nominati Co-Presidenti del Consiglio, sostituendo Michael Arougheti, che rimane come Direttore. Kipp deVeer continua nel ruolo di Direttore e CEO. Miller, che è entrato in Ares nel 2006, ricopre il ruolo di Co-Responsabile della strategia di Direct Lending negli Stati Uniti e co-dirige la strategia per Sport, Media e Intrattenimento.
Ares Capital (NASDAQ: ARCC) anunció cambios clave en el liderazgo. Jim Miller fue nombrado Co-Presidente junto a Kort Schnabel. La Junta Directiva se expandió con la incorporación de Mitch Goldstein como nuevo miembro. Goldstein y Michael L. Smith fueron nombrados Co-Presidentes de la Junta, reemplazando a Michael Arougheti, quien permanece como Director. Kipp deVeer continúa como Director y CEO. Miller, quien se unió a Ares en 2006, desempeña el cargo de Co-Jefe de la estrategia de Préstamos Directos en EE.UU. y co-dirige la estrategia de Deportes, Medios y Entretenimiento.
Ares Capital (NASDAQ: ARCC)는 주요 리더십 변화를 발표했습니다. Jim Miller가 Kort Schnabel과 함께 공동 사장으로 임명되었습니다. 이사회가 확장되어 Mitch Goldstein이 새로운 이사로 합류했습니다. Goldstein과 Michael L. Smith가 이사회 공동 의장으로 임명되어 Michael Arougheti를 대신하고, Arougheti는 이사로 남아 있습니다. Kipp deVeer는 이사 및 CEO로 계속 활동합니다. Miller는 2006년 Ares에 합류했으며, 미국 직접 대출 전략의 공동 책임자로 활동하고 스포츠, 미디어 및 엔터테인먼트 전략의 공동 리더로 있습니다.
Ares Capital (NASDAQ: ARCC) a annoncé des changements clés dans la direction. Jim Miller a été nommé Co-Président aux côtés de Kort Schnabel. Le Conseil d'administration s'est élargi avec l'arrivée de Mitch Goldstein en tant que nouveau membre. Goldstein et Michael L. Smith ont été nommés Co-Présidents du Conseil, remplaçant Michael Arougheti, qui reste Administrateur. Kipp deVeer continue en tant qu'Administrateur et PDG. Miller, qui a rejoint Ares en 2006, est Co-Responsable de la stratégie de prêt direct aux États-Unis et co-dirige la stratégie Sports, Médias et Divertissement.
Ares Capital (NASDAQ: ARCC) gab wichtige Veränderungen in der Führung bekannt. Jim Miller wurde als Co-Präsident alongside Kort Schnabel ernannt. Der Vorstand wurde erweitert, indem Mitch Goldstein als neues Mitglied hinzukam. Goldstein und Michael L. Smith wurden als Co-Vorsitzende des Vorstands ernannt und ersetzen Michael Arougheti, der weiterhin als Direktor fungiert. Kipp deVeer bleibt Direktor und CEO. Miller, der 2006 zu Ares kam, ist Co-Leiter der Direct Lending-Strategie in den USA und co-leitet die Strategie für Sport, Medien und Unterhaltung.
- Board expansion strengthens corporate governance structure
- Appointment of experienced internal candidate (Jim Miller) as Co-President ensures continuity
- Retention of key leadership figures (Arougheti as Director, deVeer as CEO) maintains stability
- None.
Michael Smith and Mitch Goldstein Appointed as Co-Chairmen of Board of Directors
Jim Miller joined Ares in 2006 and serves as Co-Head of the Ares
“Over the years, Jim’s leadership and extensive investment experience have helped position Ares Capital as a pioneer and a leader in direct lending,” said Kipp deVeer. “We are fortunate to have a deep bench of talent leading Ares Capital, and Jim’s appointment reflects the growth and success of the business. I look forward to continuing to work closely with Jim and Kort to meet and exceed the needs of our borrowers and to seek to generate attractive risk-adjusted investment returns for our shareholders.”
“On behalf of the Ares Capital Board, I am very pleased to hand over the reins of Chairman to my longtime business partners and friends, Mitch and Michael,” said Michael Arougheti. “It has been twenty years since Ares Capital’s IPO, and since then it has grown into the largest publicly traded BDC by market capitalization and generated strong shareholder returns. Both Mitch and Michael have been instrumental to the success of Ares Capital since its founding, and I look forward to their many contributions as Co-Chairmen of the Board.”
ABOUT ARES CAPITAL CORPORATION
Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in
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Investors
Carl G. Drake or John Stilmar
888-818-5298
irarcc@aresmgmt.com
Media:
Priscila Roney, 212-808-1185
Jacob Silber, 212-301-0376
media@aresmgmt.com
Source: Ares Capital Corporation
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