Barings BDC CEO Eric Lloyd to Resign; Thomas McDonnell Appointed CEO Effective January 1, 2026

Barings BDC, Inc.

CEO Eric Lloyd notified his resignation effective December 31, 2025; he will continue as Executive Chairman.
Thomas Q. McDonnell appointed Chief Executive Officer, effective January 1, 2026, succeeding Lloyd.
McDonnell previously served as Managing Director at Barings and helped raise over $15 billion in fundraising.
McDonnell held roles at Patriarch Partners, Bank of America, and JP Morgan Chase, focusing on credit and portfolio strategy.
Lloyd's resignation is not due to any disagreement with the Company on operations, policies, or accounting.

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