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Stock impact report

Investcorp Credit Management BDC, Inc. Announces CEO Transition [Yahoo! Finance]

Investcorp Credit Management BDC, Inc. (ICMB) 
Last investcorp credit management bdc, inc. earnings: 2/10 05:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Shaikh, has been appointed Chief Executive Officer, effective immediately. Outgoing CEO Michael C. Mauer will remain Chairman of the Board of Directors. Concurrently, Mr. Mauer has been appointed Vice Chairman of Private Credit at Investcorp. Mr. Shaikh joined Investcorp in January 2023 and has served as the Company's President since February 2023 and as a member of the Board of Directors since September 2023. Messrs. Mauer and Shaikh have served together as Co-Chief Investment Officers of the Company's external investment adviser, CM Investment Partners LLC (the "Adviser") since January 2023. Mr. Shaikh will become the Adviser's sole Chief Investment Officer. "It is an honor to be named CEO of ICMB, and I look forward to driving our business of lending to middle market companies to support their growth," said Mr. Shaikh. "The current lending environment favors alternative lenders such as business development companies, and we are positioned well to execute our business strategy i Show less Read more
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