Goldman Sachs BDC appoints Ardila as new board chairman

Goldman Sachs BDC Inc has named Jaime Ardila as chairman of its board of directors. His appointment begins January 1, 2018. A member of GS BDC’s board of directors since 2016, Ardila is succeeding Ashok Bakhru, who has been chairman since 2013 and will retire at the end of the year. Ardila worked for about 30 years at General Motors, holding several senior management positions.


NEW YORK–(BUSINESS WIRE)–Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that Jaime Ardila has been named Chairman of the Board of Directors, effective January 1, 2018. He will succeed Ashok Bakhru, Chairman since 2013, who will retire at the end of this year.

“On behalf of Goldman Sachs Asset Management, I want to thank Ashok for his leadership and outstanding contributions to GS BDC since our inception,” said Brendan McGovern, President and Chief Executive Officer of GS BDC. “Furthermore, I am excited to welcome Jaime as Chairman of our Board. Jaime brings decades of operational and management experience to our Board, and his appointment as our Chairman reaffirms GS BDC’s commitment to the highest standards of governance on behalf of our stockholders.”

Mr. Ardila has served as a member of GS BDC’s Board of Directors since 2016. He also serves on the Board of Directors of Goldman Sachs Private Middle Market Credit LLC. In addition, he is a member of the Board of Directors of Accenture plc, a management consulting services company, where he serves as a member of the Finance and Audit Committees, and as a member of the Board of Directors of Ecopetrol, an integrated oil company, where he serves as a member of the Audit Committee, the Business Committee and the Corporate Governance and Sustainability Committee. Previously, Mr. Ardila worked for approximately 30 years at General Motors Company (“GM”), a leading designer and manufacturer of automobiles. At GM, Mr. Ardila held several senior management positions, most recently Executive Vice President of the company and President of GM South America. Mr. Ardila joined GM in 1984. From 1996 to 1998, Mr. Ardila served as the managing director, Colombian Operations, of N M Rothschild & Sons Ltd, before rejoining GM in 1998.

Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940. GS BDC was formed by The Goldman Sachs Group, Inc. (“Goldman Sachs”) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. GS BDC seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. For more information, visit Information on the website is not incorporated by reference into this press release and is provided merely for convenience.