Gladstone Capital names Robert Marcotte CEO and unveils succession plan
David Gladstone steps down as CEO but remains Chairman, succeeded by President Robert Marcotte, with John Sateri named Chief Investment Officer and Andrew Ahlberg as Executive Vice President. Michael McQuigg will become President on October 1, 2026, under a strategic succession plan designed to reinforce leadership continuity.
1. Executive Leadership Changes
David Gladstone has relinquished the CEO role at Gladstone Capital Corporation, retaining his position as Chairman of the Board and continuing leadership at the affiliated adviser. Robert Marcotte, President since 2013, has assumed the CEO role immediately, while Andrew Ahlberg steps into the Executive Vice President position.
2. Succession Timeline and Roles
John Sateri, a 20-year veteran and current investment committee member, has been appointed Chief Investment Officer. Michael McQuigg, EVP since 2021, will succeed Marcotte as President effective October 1, 2026, reflecting a phased leadership transition.
3. Strategic Governance Objectives
The succession plan separates the Chairman and CEO roles to align with best governance practices and underscores board confidence in the management team's ability to drive long-term growth and continuity.