Fifth Street Asset Management announced Steven Noreika was promoted to chief financial officer of Fifth Street Finance and Fifth Street Senior Floating Rate (FSFR), effective immediately.

Noreika has been with Fifth Street since 2008 and has held a myriad of key finance and accounting positions, including a tenure as CFO of FSFR from November 2013 to July 2014. Alexander C. Frank remains CFO of Fifth Street Asset Management.

“Steve has been a valuable member of Fifth Street’s finance and accounting team since joining in 2008, holding various important roles within the organization. I am excited to work closely with Steve in his new role and believe that FSC and FSFR will benefit from the depth of his knowledge, financial acumen and experience across the Fifth Street platform,” stated Todd G. Owens, chief executive officer of FSC.

“Having worked with Steve for seven years I am extremely confident that he will serve effectively as the new CFO for both FSC and FSFR, helping strengthen our infrastructure to support both entities,” commented Ivelin M. Dimitrov, chief executive officer of FSFR, adding, “Steve’s deep financial, accounting and operational experience, combined with his knowledge of both the Fifth Street platform and comfort with financial reporting make him a natural fit for this position.”

Prior to joining Fifth Street in 2008, Noreika worked at Time Warner and Marcum & Kliegman, LLP (now Marcum LLP).