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Allied Capital Corporation separates leadership roles, John M. Scheurer CEO

Staff writer | Washington, DC, USA | March 3, 2009
Allied CapitalMarch 3, 2009, Washington, DC, USA - Allied Capital Corporation announced that the roles of Chairman of the Board and CEO are being separated, effective March 3, 2009.
William L. Walton, who has been Chairman of the Board, President and Chief Executive Officer since 1997 and a director since 1986, will continue to serve full time as the Company’s Chairman of the Board. In that capacity, he will be an executive officer and be responsible for the overall strategic direction of the Company.

John M. Scheurer, Managing Director of the Company who has held key leadership positions during his 18-year tenure, has been appointed Chief Executive Officer and President. Mr. Scheurer will assume responsibility for the executive management of the Company.