WHITE PLAINS, N.Y., Feb. 25, 2010 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) ("Fifth Street") announced today that Bernard D. Berman has been promoted to President and Richard Dutkiewicz has been added to the Board of Directors, Audit Committee and Valuation Committee.
"We are pleased to announce Bernard Berman's new role as President. Bernie was one of the founding partners of Fifth Street and his new role will allow him to expand his contribution to Fifth Street's platform," commented Leonard M. Tannenbaum, Chief Executive Officer and Chairman of the Board of Directors of Fifth Street, who added, "We are also pleased to add Rick Dutkiewicz, who has been the Chief Financial Officer of Einstein Noah Restaurant Group, Inc. (Nasdaq:BAGL) since 2003 and has over 25 years of experience in finance and accounting. Rick will be an additional financial expert on our Audit Committee."
Richard Dutkiewicz is taking the place of Adam Berkman on Fifth Street's Board of Directors and Audit Committee. Mr. Berkman has resigned due to personal time constraints.
About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp's investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.
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Forward-Looking Statements
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