Daily News: January 23, 2015

FSC Promotes Owens to CEO, Dimitrov to President

Fifth Street Finance (FSC) announced its board of directors promoted Todd G. Owens to CEO from his former role as president. Owens joined Fifth Street in September 2014 and currently serves as president of FSC and is a member of FSC’s board of directors. Leonard M. Tannenbaum resigned as FSC’s CEO after six-and-a-half years in that role.

Additionally, the board of directors appointed Ivelin M. Dimitrov to President of FSC. Dimitrov joined Fifth Street in May 2005 and currently serves as chief investment officer of FSC and is a member of FSC’s Board of Directors. He is also chairman of the board of directors of Healthcare Finance Group, a portfolio company of FSC.

The FSC board of directors would like to thank Len for his service as Chief Executive Officer for the past six and a half years and congratulate Todd on his promotion to CEO.

“I am very excited about the market opportunity available for FSC and look forward to guiding the company as its Chief Executive Officer,” stated Todd G. Owens. “I believe there is an opportunity to build upon the company’s solid foundation and drive value by making operational decisions that are in the best interests of FSC’s shareholders.”