American Capital Elects Susan Nestegard to Board of Directors
BETHESDA, Md., June 13, 2013
BETHESDA, Md., June 13, 2013 /PRNewswire/ --American Capital, Ltd. (NASDAQ:
ACAS) ("American Capital" or the "Company") announced that at a meeting today,
its Board of Directors voted to increase the size of the Board to nine and
elected Susan K. Nestegard to the newly created position.
"We are very excited to have Susan join our Board of Directors," said Malon
Wilkus, Chairman and Chief Executive Officer. "She brings a wealth of
corporate operational experience and insight, which will be invaluable to
American Capital as we continue to invest in middle market companies and offer
them large corporate expertise to enhance their performance. I expect she
will contribute in many important ways in the years ahead and be a great
addition to our Board."
Ms. Nestegard is former Executive Vice President and President, Global
Healthcare Sector, of Ecolab Inc., a provider of water, hygiene and energy
technologies and services. She led the healthcare sector from 2008 to 2012,
and was Senior Vice President, Research, Development and Engineering, and
Chief Technical Officer for Ecolab from 2003 to 2008. Ms. Nestegard also has
over 20 years experience with 3M Company in research and development,
technology leadership, and business management. Since 2009, she has been a
Director of Hormel Foods Corporation (NYSE: HRL).
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (NASDAQ: ACAS) is a publicly traded private equity firm
and global asset manager. American Capital, both directly and through its
asset management business, originates, underwrites and manages investments in
middle market private equity, leveraged finance, real estate and structured
products. American Capital manages $21.2 billion of assets, including assets
on its balance sheet and fee earning assets under management by affiliated
managers, with $112 billion of total assets under management (including
levered assets). From its eight offices in the U.S. and Europe, American
Capital and its affiliate, European Capital, will consider investment
opportunities from $10 million to $750 million. For further information,
please refer to www.AmericanCapital.com.
Media – (301) 968-9400
Investor Relations - (301) 951-5917
SOURCE American Capital, Ltd.
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