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.
ABOUT GOLDMAN SACHS BDC, INC.
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 www.goldmansachsbdc.com. Information on the website is not incorporated by reference into this press release and is provided merely for convenience.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “target,” “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. These statements represent the Company’s belief regarding future events that, by their nature, are uncertain and outside of the Company’s control. We believe that it is important to communicate our future expectations to our investors. There are likely to be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in filings we make with the Securities and Exchange Commission, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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