Goldman Sachs BDC, Inc. Announces Jaime Ardila Named Chairman of the Board of Directors
December 07 2017 - 4:31PM
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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Goldman Sachs BDC, Inc.Investors:Katherine Schneider,
212-902-3122orMedia:Andrew Williams, 212-902-5400
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