Ares Capital appoints Scott Lem as CFO; Penni Roll to step down on Feb 15, 2024

ARES CAPITAL CORP

Scott Lem, previously CAO and Treasurer, appointed CFO effective Feb 15, 2024.
Penni Roll steps down as CFO same date but remains senior officer at Ares and Ares Capital.
Roll served as CFO for 13 years; CEO Kipp deVeer credited her for shareholder value growth.
Lem has been with Ares since 2003; prior roles at Ernst & Young and Arthur Andersen.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Scott C. Lem

Chief Financial Officer

ARCC · ARES CAPITAL CORP

Effective: 2024-02-15
Filed: November 9, 2023, 6:59 PM ET

On November 6, 2023, the board of directors (the “Board”) of the registrant appointed Scott C. Lem, age 45, as Chief Financial Officer, effective as of February 15, 2024.

Role change

Penni F. Roll

Chief Financial Officer

ARCC · ARES CAPITAL CORP

Effective: 2024-02-15
Successor: Scott C. Lem
Filed: November 9, 2023, 6:59 PM ET

Concurrently with Mr. Lem’s appointment, Penni F. Roll announced that she will step down as Chief Financial Officer of the registrant, effective as of February 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Scott C. Lem was appointed as Chief Financial Officer at ARES CAPITAL CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On November 6, 2023, the board of directors (the “Board”) of the registrant appointed Scott C. Lem, age 45, as Chief Financial Officer, effective as of February 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Penni F. Roll changed role as Chief Financial Officer at ARES CAPITAL CORP.

Action: step down
Role: Chief Financial Officer

Exact text from the filing

Concurrently with Mr. Lem’s appointment, Penni F. Roll announced that she will step down as Chief Financial Officer of the registrant, effective as of February 15, 2024.

View on SEC.gov

ARES CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-23-115983

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