Gladstone Capital Corporation said Chief Executive David Gladstone has stepped down from the CEO role effective immediately, ending a run that began with the company’s founding in 2001. He will remain chairman of the board, a member of the investment committee, and chairman, CEO and president of Gladstone Management, the affiliated investment adviser.
Robert Marcotte, who has been president since 2013, has been named CEO. John Sateri, a 20-year Gladstone veteran and current investment committee member, has been appointed chief investment officer. Michael McQuigg, executive vice president since 2021 and with Gladstone since 2015, will become president on Oct. 1, 2026. Andrew Ahlberg, a managing director with the company since 2014, has been promoted to executive vice president effective immediately.
The leadership changes come as Gladstone marks its 25th year in business. Since its IPO in August 2001 through Dec. 31, 2025, the company said it completed 715 loans and investments across 294 companies, representing about $3.3 billion of invested capital before repayments and realizations.
Gladstone said the transition separates the chairman and CEO roles, with the company describing the move as part of a succession plan aimed at continuity and stability. Today the company's shares have moved -0.52% to a price of $21.12. If you want to know more, read the company's complete 8-K report here.
