In his place, Robert Marcotte, who has been with the company since 2013 and served as President, has been appointed as the new CEO. Marcotte brings extensive experience in investment management, having previously held senior positions at MCG Capital and Aleron, Inc. His leadership is expected to guide the company through its next phase of growth, particularly in providing private credit solutions to lower middle-market businesses.
Additionally, the company has promoted Michael McQuigg to President, effective October 1, 2026, following a transition period. McQuigg has been with Gladstone since 2015 and has played a crucial role in managing the company's investments. Furthermore, John Sateri has been appointed as Chief Investment Officer, effective immediately. Sateri has been with the Gladstone Companies since 2007 and has significant experience in investment management.
These leadership changes are part of a broader strategy to ensure continuity and stability within the company, aligning with best practices in corporate governance. The board expressed confidence in the new leadership team’s ability to drive the company’s growth and maintain its competitive edge in the market. The transition also reflects a commitment to separating the roles of Chairman and CEO, which is seen as a positive step for governance controls.
