New Mountain Finance announces management changes
Jan 07, 2013 (Datamonitor via COMTEX) --
New Mountain Finance Corporation, or NMFC, a closed-end, non-diversified management investment company, has announced a number of key promotions.
John Kline, a managing director of New Mountain Capital, L.L.C., has been named as executive vice president and COO of NMFC. David Cordova, formerly the BDC finance director of NMFC, has been promoted to CFO and treasurer of NMFC, succeeding Adam Weinstein, who will be promoted to an oversight role of executive vice president and chief administrative officer of NMFC, as previously planned, in addition to sitting on the Board of Directors of NMFC.
"John has been an important and dedicated member of the NMFC team since New Mountain began its credit business back in 2008," said Robert Hamwee, CEO and President of NMFC. "He has provided tremendous value for our firm since our initial public offering and is well deserving of his new role."
"I have tremendous confidence in David's ability to lead the day-to-day finance organization at NMFC," said Mr Weinstein. "As previously scheduled, my role as the CFO of NMFC was temporary, given my role as the Co-CFO of New Mountain Capital, L.L.C. We have built a very strong dedicated finance and operations organization under David including a number of key individuals who have been with the organization for a number of years."
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