Fifth Street Finance names new CFO

"As we broaden our platform, we are proud to elevate certain individuals in recognition of their expanded responsibilities," says Fifth Street Finance (FSC +0.9%) CEO Len Tannenbaum, announcing the promotion of Richard Petrocelli to CFO, where he'll replace Alexander Frank. Frank remains COO of Fifth Street Management, FSC's investment advisor.

Petrocelli - who has been chief accounting officer at FSC for 15 years - will continue to report to Frank.

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