Frank C Meyer has retired from the Board of Directors of Fifth Street Asset Management. Mark J Gordon has been appointed to the Audit Committee and David J Anderson to the Nominating and Corporate Governance Committee to fill the vacancies created by Meyer's departure.
Additionally, Chief Executive Officer Leonard M Tannenbaum (pictured) has been named Chairman of the Nominating and Corporate Governance Committee. At this time, the Board has determined to not fill the vacancy created by Meyer's resignation and to decrease the size of the Board from seven members to six members.
"We would like to thank Frank for his invaluable guidance to Fifth Street over the years. The entire management team is very grateful to Frank for his service, both as a member of FSC's Board of Directors from 2007 to 2014 and a member of FSAM's Board of Directors since its IPO in 2014. While Frank will no longer directly be affiliated with FSAM, we look forward to his continued support, friendship and advice," says Tannenbaum, Chief Executive Officer.
