Stuart Aronson was named CEO of WhiteHorse Finance. Jay Carvell, the company’s current CEO, will continue to serve as a member of the company’s board of directors and as a managing director of H.I.G. WhiteHorse Advisers, the company’s investment adviser.

Aronson currently serves as the group head of the U.S. direct lending platform of H.I.G. Capital, an affiliate of WhiteHorse Advisers. Prior to joining H.I.G. Capital, Aronson was president and chief executive officer of GE Capital’s U.S. Sponsor Finance Group

WhiteHorse Board Chair John Bolduc said, “Stuart has had an immediate impact on our direct lending activities since joining H.I.G. WhiteHorse as Group Head of U.S. direct lending. His strong credentials and deep relationships across the direct lending space make him an ideal candidate to lead WhiteHorse Finance in the years ahead. I would also like to thank Jay for his service and look forward to his continued contributions as an active member of our executive group.”