Apollo Investment Corp. (Nasdaq: AINV) has promoted James Zetler to CEO, from president and chief operating officer. In related news, executive vice president Patrick Dalton will take Zetler’s president and COO roles. Outgoing CEO John Hannon will retain his chairmanship of the company’s board.
John Hannan, Chairman and Chief Executive Officer of Apollo Investment Corporation (NASDAQ: AINV) (the “Corporation”), today announced that James Zelter, currently President and Chief Operating Officer of the Corporation will become Chief Executive Officer of the Corporation replacing him in that position. Additionally, he reported that Mr. Zelter has been appointed to serve as a Director of the Board of Directors (the “Board”). He further announced that Patrick Dalton, currently Executive Vice President of the Corporation, will replace Mr. Zelter as President and Chief Operating Officer. Mr. Hannan also announced that he will continue to serve as Chairman of the Board.
“I am pleased to announce these appointments since Jim and Patrick have been important drivers of Apollo Investment Corporation’s strong performance,” said John Hannan.
About Apollo Investment Corporation
Apollo Investment Corporation, or the Company, is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company’s portfolio is principally invested in middle-market private companies. The Company invests primarily in mezzanine and senior secured loans and equity of portfolio companies in furtherance of its business plan. From time to time, the Company invests in public companies. Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Management, L.P., a leading private equity investor.