Michael W. Arthur joined the Fifth Street Asset Management board of directors and will serve on the Audit Committee. Arthur’s appointment fills the vacancy created by the resignation of Wayne Cooper.

“We are pleased to announce the addition of Michael to FSAM’s board of directors. With over 25 years of experience across a broad range of industries, we believe that Michael will add a valuable perspective to our board,” said FSAM’s CEO, Leonard M. Tannenbaum.

Since 1990, Arthur has headed Michael Arthur & Associates, a consulting and interim management firm specializing in restructurings, business development and strategic, financial, marketing and branding strategies. He has been involved in the turnaround of troubled companies and the growth of healthy ones across a multitude of industries, including restaurants, consumer goods, financial products and services, manufacturing, marketing and technology.

Prior to 1990, Arthur served as executive vice president and CFO for Sizzler Restaurants and Pinkerton Security, executive vice president of Marketing for Mattel Toys and various other management roles for D’Arcy, Benton & Bowles Advertising and Proctor and Gamble.

Fifth Street Asset Management provides innovative and customized financing solutions to small and mid-sized businesses across the capital structure through complementary investment vehicles and co-investment capabilities.