Ares Capital appoints Kort Schnabel as CEO effective April 30, 2025; Kipp deVeer steps down

ARES CAPITAL CORP

Kort Schnabel, age 48, currently Co-President, appointed CEO effective April 30, 2025.
R. Kipp deVeer steps down as CEO but remains Class III director and investment committee member.
James R. Miller continues as President; Schnabel will not receive compensation from Ares Capital.
Schnabel joined Ares Management in 2001 and co-founded its U.S. Direct Lending strategy in 2004.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Kort Schnabel

Chief Executive Officer

ARCC · ARES CAPITAL CORP

Effective: 2025-04-30
Filed: February 5, 2025, 6:59 PM ET

appointed Kort Schnabel, age 48, as Chief Executive Officer of Ares Capital, to be effective on April 30, 2025.

Departed

R. Kipp deVeer

Chief Executive Officer

ARCC · ARES CAPITAL CORP

Effective: 2025-04-30
Successor: Kort Schnabel
Filed: February 5, 2025, 6:59 PM ET

R. Kipp deVeer will cease to serve as Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kort Schnabel was appointed as Chief Executive Officer at ARES CAPITAL CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Kort Schnabel, age 48, as Chief Executive Officer of Ares Capital, to be effective on April 30, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

R. Kipp deVeer departed as Chief Executive Officer at ARES CAPITAL CORP.

Action: cease to serve
Role: Chief Executive Officer

Exact text from the filing

R. Kipp deVeer will cease to serve as Chief Executive Officer

View on SEC.gov

ARES CAPITAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-25-009302

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