APOLLO INVESTMENT CORP appointed Tanner Powell as new CEO

Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 


On August 1, 2022, the Board of the Registrant appointed Howard T. Widra to serve as Executive Chairman of the Registrant's Board. 

Prior to his appointment as Executive Chairman, Mr. Widra, 53, served as the Registrant's Chief Executive Officer from May 2018 to August 2022 and as President from June 2016 to May 2018. Mr. Widra will continue to serve as Apollo Global Management's (“Apollo”) Head of Direct Origination. Mr. Widra has been with Apollo and/or its affiliates since 2013. Mr. Widra was a co-founder of MidCap Financial, a middle-market specialty finance firm with $21.4 billion of annual originations and was formerly its Chief Executive Officer. Prior to MidCap Financial, Mr. Widra was the founder and President of Merrill Lynch Capital Healthcare Finance. Prior to Merrill Lynch, Mr. Widra was President of GE Capital Healthcare Commercial Finance and held senior roles in its predecessor entities including President of Heller Healthcare Finance, and COO of Healthcare Financial Partners. Mr. Widra holds a J.D., Cum Laude, from the Harvard Law School and a BA from the University of Michigan. 

On August 1, 2022, John Hannan, 69, who served as Chairman of the Registrant's Board from August 2006 to August 2022, was appointed Vice Chairman of the Board. 

On August 1, 2022, the Board of the Registrant appointed Tanner Powell to serve as Chief Executive Officer of the Registrant's Board. 

Prior to his appointment as Chief Executive Officer, Mr. Powell, 42, served as President of the Registrant from May 2018 to August 2022 and served as Chief Investment Officer for the Registrant's investment adviser from June 2016 to August 2022. Mr. Powell is a Partner and Portfolio Manager in Apollo's Direct Origination business. He holds leadership roles in Apollo's Credit Business, including its aircraft leasing and lending businesses. From 2004 to 2006, he served as an analyst in Goldman Sachs' Principal Investment Area (PIA). From 2002 to 2004, Mr. Powell was an Analyst in the Industrials group at Deutsche Bank. He graduated from Princeton University with a BA in political economy. 

On August 1, 2022, the Board of the Registrant appointed Ted McNulty to serve as President of the Registrant. 

Mr. McNulty, 47, is a Managing Director in Apollo's Credit business. Prior to joining Apollo, Mr. McNulty ran the mezzanine and later merchant banking business for a subsidiary of Mitsubishi UFJ and was a director at Haland before that. Previously, he held various roles at JPMorgan and its predecessor institutions, primarily in leveraged finance. Mr. McNulty received an MBA from the Kellogg School of Management and a BA in Government from Harvard University. 

On August 1, 2022, the Board of the Registrant appointed Kristin Hester to serve as the Registrant's Chief Legal Officer and Corporate Secretary. 


Prior to her appointment as Chief Legal Officer, Ms. Hester, 41, served as the Registrant's General Counsel and Assistant Secretary since 2021. Ms. Hester has served as Senior Counsel for Apollo since 2015 and also serves as Chief Legal Officer for Apollo Debt Solutions BDC, Apollo Senior Floating Rate Fund Inc., Apollo Tactical Income Fund Inc, Apollo Diversified Credit Fund and Redding Ridge Asset Management LLC. Prior to joining Apollo, Ms. Hester was associated with the law firms of Dechert LLP from 2009-2015 and Clifford Chance US LLP from 2006-2009. In each case she primarily advised U.S. registered investment companies, their investment advisers, and boards of directors on various matters under the Investment Company Act of 1940. Ms. Hester received her JD from Duke University School of Law and graduated cum laude from Bucknell University with a BS in Business Administration. 

Joseph Glatt, 48, who served as the Registrant's Chief Legal Officer and Secretary since 2014, was promoted to a new role as Partner in Apollo's U.S. Financial Institutions Group.