MVC Capital, Inc. revealed that its board of directors had designated the role of chief financial officer to Scott J. Schuenke, MBA and CPA. The appointment, however, will only be effective on November 1, 2013. MVC Capital, Inc. a publicly traded business development company that makes private debt and equity investments.
Mr. Schuenke will succeed Peter Seidenberg, MVC Capital's current CFO. The company further announced that Mr. Seidenberg will now transition into a full-time position as a senior investment specialist with MVC Capital.
"Scott's skills and background in all aspects of corporate finance and his years of experience with MVC will serve him and our shareholders well as we transition the strategy of the Fund. Scott's work over the last eight years has been impressive and I am looking forward to continuing to work with him in our new roles. I am proud to transition the CFO role to Scott as he becomes more and more active with the investment community," Mr. Seidenberg said.
Mr. Seidenberg will maintin his position as CFO of MVC Capital until the end of fiscal year 2013. He will be working very closely with Mr. Schuenke to make certain a smooth transition of responsibilities.
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