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Main Street Announces Promotions in its Finance, Accounting and Treasury Functions

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Main Street Capital (NYSE: MAIN) has announced key promotions in its finance, accounting, and treasury departments, effective August 12, 2024.

Ryan R. Nelson will step into the roles of Chief Financial Officer and Treasurer, replacing Jesse E. Morris, who will continue as Executive Vice President, Chief Operating Officer, and Senior Managing Director. Nelson has been with Main Street since December 2022 and has prior experience at Conn's Inc. and EnLink Midstream Partners.

Cory E. Gilbert is promoted to Chief Financial Officer – Asset Management Business, having joined Main Street in November 2020. He has previous experience with Oak Hill Advisors and ORIX USA.

Ryan H. McHugh will become Vice President, Chief Accounting Officer, and Assistant Treasurer. McHugh joined Main Street in May 2024 and has a background at Academy Sports + Outdoors, Glori Energy, Stewart Title Company, and Grant Thorton.

Main Street Capital (NYSE: MAIN) ha annunciato importanti promozioni nei suoi dipartimenti finanza, contabilità e tesoreria, con effetto dal 12 agosto 2024.

Ryan R. Nelson assumerà i ruoli di Chief Financial Officer e Tesoriere, sostituendo Jesse E. Morris, che continuerà come Vice Presidente Esecutivo, Chief Operating Officer e Senior Managing Director. Nelson è con Main Street dal dicembre 2022 e ha precedenti esperienze in Conn's Inc. e EnLink Midstream Partners.

Cory E. Gilbert è stato promosso a Chief Financial Officer per il Business di Asset Management, avendo unito Main Street nel novembre 2020. Ha esperienza pregresse con Oak Hill Advisors e ORIX USA.

Ryan H. McHugh diventerà Vice Presidente, Chief Accounting Officer e Assistente del Tesoriere. McHugh è entrato in Main Street a maggio 2024 e ha un background in Academy Sports + Outdoors, Glori Energy, Stewart Title Company e Grant Thornton.

Main Street Capital (NYSE: MAIN) ha anunciado promociones clave en sus departamentos de finanzas, contabilidad y tesorería, que entrarán en vigor el 12 de agosto de 2024.

Ryan R. Nelson asumirá los roles de Director Financiero y Tesorero, reemplazando a Jesse E. Morris, quien continuará como Vicepresidente Ejecutivo, Director de Operaciones y Director General Senior. Nelson ha estado con Main Street desde diciembre de 2022 y tiene experiencia previa en Conn's Inc. y EnLink Midstream Partners.

Cory E. Gilbert ha sido ascendido a Director Financiero del Negocio de Gestión de Activos, habiéndose unido a Main Street en noviembre de 2020. Tiene experiencia previa con Oak Hill Advisors y ORIX USA.

Ryan H. McHugh se convertirá en Vicepresidente, Director de Contabilidad y Tesorero Adjunto. McHugh se unió a Main Street en mayo de 2024 y tiene experiencia en Academy Sports + Outdoors, Glori Energy, Stewart Title Company y Grant Thornton.

메인 스트리트 캐피탈(NYSE: MAIN)이 재무, 회계 및 재무부서의 주요 승진 인사를 발표했습니다. 이는 2024년 8월 12일부터 시행됩니다.

라이언 R. 넬슨이 최고재무책임자(CFO) 및 재무관 역할을 맡게 되며, 제시 E. 모리스가 이어서 집행부사장, 최고운영책임자(COO), 그리고 선임 관리 이사직을 계속 맡습니다. 넬슨은 2022년 12월부터 메인 스트리트에 근무하고 있으며, 과거에 Conn's Inc. 및 EnLink Midstream Partners에서 경력을 쌓았습니다.

코리 E. 길버트는 자산 관리 사업의 최고재무책임자(CFO)로 승진하였으며, 2020년 11월 메인 스트리트에 합류하였습니다. 그는 Oak Hill Advisors와 ORIX USA에서의 경력이 있습니다.

라이언 H. 맥휴는 부사장, 최고회계책임자(CAO), 그리고 재무부 보조 역할을 맡게 됩니다. 맥휴는 2024년 5월 메인 스트리트에 합류하였으며, Academy Sports + Outdoors, Glori Energy, Stewart Title Company 및 Grant Thornton에서 경력을 보유하고 있습니다.

Main Street Capital (NYSE: MAIN) a annoncé des promotions clés au sein de ses départements financier, comptable et de la trésorerie, effectives à partir du 12 août 2024.

Ryan R. Nelson prendra les fonctions de Directeur Financier et de Trésorier, remplaçant Jesse E. Morris, qui continuera en tant que Vice-Président Exécutif, Directeur des Opérations et Directeur Général Senior. Nelson est chez Main Street depuis décembre 2022 et a une expérience antérieure chez Conn's Inc. et EnLink Midstream Partners.

Cory E. Gilbert est promu au poste de Directeur Financier pour l'Activité de Gestion d'Actifs, après avoir rejoint Main Street en novembre 2020. Il a une expérience précédente avec Oak Hill Advisors et ORIX USA.

Ryan H. McHugh deviendra Vice-Président, Responsable de la Comptabilité et Trésorier Adjoint. McHugh a rejoint Main Street en mai 2024 et a un parcours chez Academy Sports + Outdoors, Glori Energy, Stewart Title Company et Grant Thornton.

Main Street Capital (NYSE: MAIN) hat wichtige Beförderungen in seinen Finanz-, Rechnungswesen- und Treasury-Abteilungen bekannt gegeben, die am 12. August 2024 wirksam werden.

Ryan R. Nelson wird die Positionen des Chief Financial Officer und des Treasurers übernehmen und ersetzt Jesse E. Morris, der weiterhin als Executive Vice President, Chief Operating Officer und Senior Managing Director tätig sein wird. Nelson ist seit Dezember 2022 bei Main Street und bringt vorherige Erfahrungen von Conn's Inc. und EnLink Midstream Partners mit.

Cory E. Gilbert wird zum Chief Financial Officer des Asset Management Geschäfts befördert, nachdem er sich im November 2020 Main Street angeschlossen hat. Er hat zuvor bei Oak Hill Advisors und ORIX USA gearbeitet.

Ryan H. McHugh wird Vizepräsident, Chief Accounting Officer und stellvertretender Treasurer. McHugh trat im Mai 2024 in Main Street ein und hat einen Hintergrund bei Academy Sports + Outdoors, Glori Energy, Stewart Title Company und Grant Thornton.

Positive
  • Ryan R. Nelson's promotion to CFO and Treasurer is poised to bring seasoned expertise from his previous roles at Conn's Inc. and EnLink Midstream Partners.
  • Cory E. Gilbert's elevation to CFO – Asset Management Business is expected to leverage his extensive experience from Oak Hill Advisors and ORIX USA.
  • Ryan H. McHugh's new role as Vice President, Chief Accounting Officer, and Assistant Treasurer aims to strengthen Main Street's accounting leadership with his background at Academy Sports + Outdoors and other firms.
Negative
  • The departure of Jesse E. Morris from CFO duties may raise concerns about continuity and transition challenges in Main Street's financial leadership.

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 

 

Cision View original content:https://www.prnewswire.com/news-releases/main-street-announces-promotions-in-its-finance-accounting-and-treasury-functions-302217594.html

SOURCE Main Street Capital Corporation

FAQ

When are the new promotions at Main Street Capital effective?

The promotions are effective as of August 12, 2024.

Who is the new Chief Financial Officer and Treasurer of Main Street?

Ryan R. Nelson has been promoted to Chief Financial Officer and Treasurer.

Who is the newly appointed Chief Financial Officer for the Asset Management Business at Main Street?

Cory E. Gilbert has been promoted to Chief Financial Officer – Asset Management Business.

What position will Ryan H. McHugh hold at Main Street?

Ryan H. McHugh will be the Vice President, Chief Accounting Officer, and Assistant Treasurer.

What experience does Ryan R. Nelson bring to his new role at Main Street?

Ryan R. Nelson has previous experience at Conn's Inc. and EnLink Midstream Partners in various leadership roles.

Main Street Capital Corporation

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