HOUSTON, Aug. 8, 2024
/PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main
Street") is pleased to announce that its Board of Directors has
promoted Ryan R. Nelson to Chief
Financial Officer and Treasurer, Cory E.
Gilbert to Chief Financial Officer – Asset Management
Business and Ryan H. McHugh to Vice
President, Chief Accounting Officer and Assistant Treasurer, each
effective as of August 12, 2024. Mr.
Nelson currently serves as Main Street's Vice President, Chief
Accounting Officer and Assistant Treasurer and succeeds
Jesse E. Morris in his new role. Mr.
Morris will continue to serve as Main Street's Executive Vice
President, Chief Operating Officer and Senior Managing Director.
Mr. Gilbert currently serves as Main Street's Vice President
Finance and Chief Accounting Officer – Asset Management Business.
Mr. McHugh currently serves as Main Street's Vice President of
Finance.
Dwayne L. Hyzak, Main Street's
Chief Executive Officer, stated, "On behalf of our Board of
Directors, I am very pleased to announce the well-deserved
promotions of Ryan Nelson,
Cory Gilbert and Ryan McHugh. Over the last couple of years
Ryan Nelson has been highly valuable
to our organization as we've worked to expand and improve our
finance, accounting and treasury functions to match the growth and
best in class performance of our investment teams, investment
portfolio and asset management business. Over the last four years
Cory Gilbert has been instrumental
in helping us manage the demands the growth of our asset management
business has had on our finance, accounting and treasury functions
and he has been key to our successes with our asset management
business. While Ryan McHugh is a
relatively new addition to our accounting leadership team, he has
been highly valuable in helping lead our accounting team over the
last few months as we've prepared for this transition, and he
brings a wealth of knowledge and experience to our existing
finance, accounting and treasury teams. Jesse, as a long-time
member of our executive management team, has been a tremendous CFO
over the last few years, while also serving as our Chief Operating
Officer and managing a lower middle market investment
portfolio. We are very excited to have his focus back solely
on our investment and operations activities where we know that he
can continue to add significant value to our firm."
Mr. Nelson, a certified public accountant, has been Main
Street's Vice President, Chief Accounting Officer and Assistant
Treasurer since March 2023 and
previously served as its Vice President of Finance since joining
Main Street in December 2022. Prior
to joining Main Street, Mr. Nelson spent four years with Conn's,
Inc., a furniture, mattress, electronics and appliance store chain,
where he worked in several leadership roles, including Vice
President and Chief Accounting Officer. Prior to joining Conn's,
Mr. Nelson spent seven years with EnLink Midstream Partners, a
midstream energy services company, where he worked in several
leadership roles in their accounting group. Mr. Nelson started his
career at KPMG LLP.
Mr. Gilbert, a certified public accountant, has been Main
Street's Vice President Finance and Chief Accounting Officer –
Asset Management Business since February
2022 and previously served as its Chief Accounting Officer –
Asset Management Business since joining Main Street in November 2020. Mr. Gilbert was also recently
promoted to Chief Financial Officer and Treasurer of MSC Income
Fund, Inc., a non-listed business development company managed by
Main Street's wholly owned portfolio company MSC Adviser I, LLC.
Prior to joining Main Street, Mr. Gilbert spent over four years
with Oak Hill Advisors ("Oak
Hill"), an alternative asset investment firm, where he
served as Chief Financial Officer & Treasurer of OHA Investment
Corp., a publicly-listed business development company previously
managed by Oak Hill. Prior to
joining Oak Hill, Mr. Gilbert
spent over ten years with ORIX USA, an alternative asset management and
investment firm, and certain of its wholly owned subsidiaries,
where he served in several leadership roles in their finance and
accounting groups. Prior to ORIX, Mr. Gilbert served in
accounting and finance roles with several companies in the finance
industry. Mr. Gilbert started his career at KPMG LLP.
Mr. McHugh, a certified public accountant, has been Main
Street's Vice President of Finance since May 2024. Prior to
joining Main Street, Mr. McHugh spent eight years with Academy
Sports + Outdoors where he worked in several leadership roles
including Vice President and Corporate Controller. Prior to
joining Academy, Mr. McHugh held various accounting leadership
roles at Glori Energy and Stewart Title Company. Mr. McHugh
started his career at Grant Thorton in the assurance practice.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment
firm that primarily provides long-term debt and equity capital to
lower middle market companies and debt capital to middle market
companies. Main Street's portfolio investments are typically
made to support management buyouts, recapitalizations, growth
financings, refinancings and acquisitions of companies that operate
in diverse industry sectors. Main Street seeks to partner
with entrepreneurs, business owners and management teams and
generally provides "one stop" financing alternatives within its
lower middle market investment strategy. Main Street's lower
middle market portfolio companies generally have annual revenues
between $10 million and $150 million. Main Street's middle market
portfolio companies are generally larger in size than its lower
middle market portfolio companies.
Main Street, through its wholly owned portfolio company MSC
Adviser I, LLC ("MSC Adviser"), also maintains an asset management
business through which it manages investments for external
parties. MSC Adviser is registered as an investment adviser
under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO,
dhyzak@mainstcapital.com
Jesse E. Morris, CFO and COO,
jmorris@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken Dennard /
ken@dennardlascar.com
Zach Vaughan /
zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation
