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Ares Capital ( (ARCC) ) has issued an announcement.
On February 5, 2025, Ares Capital Corporation announced the appointment of Kort Schnabel as Chief Executive Officer, effective April 30, 2025. Schnabel, a long-time leader within the company known for his investment acumen and leadership, will succeed R. Kipp deVeer, who will step down but remain a board member and officer. This leadership transition is expected to continue driving Ares Capital’s growth objectives and maintain its position as a market leader in providing flexible capital solutions.
More about Ares Capital
Founded in 2004, Ares Capital Corporation is a leading specialty finance company focused on providing direct loans and other investments to private middle market companies in the United States. The company’s objective is to source and invest in high-quality borrowers to support their business goals, potentially driving economic growth and employment. Ares Capital is the largest publicly traded business development company by market capitalization and is externally managed by a subsidiary of Ares Management Corporation.
YTD Price Performance: 7.20%
Average Trading Volume: 4,521,393
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.38B
See more data about ARCC stock on TipRanks’ Stock Analysis page.
