In addition to Dullum's promotion, John Sateri has been appointed as Chief Investment Officer (CIO), effective immediately. Sateri has been with the Gladstone Companies since 2007 and has played a crucial role in the investment committee. Furthermore, Erika Highland has been promoted to Executive Vice President and will take over as President on October 1, 2026, following a transition period. Highland has been with the company since 2005 and has led investment activities for numerous portfolio companies.
These changes reflect the company's commitment to strong governance and strategic alignment as it navigates its growth trajectory. The board expressed confidence in the new leadership team, emphasizing their capability to lead the company into its next phase of development. The succession plan also aims to separate the roles of Chairman and CEO, aligning with best practices in corporate governance.
David Gladstone, the founder of the company, has overseen significant growth since its inception in 2005, and his continued involvement as Chairman is expected to provide valuable guidance during this transition. The board and management team are optimistic about the future, believing that the new leadership will build on the strong foundation established by Gladstone.
