BDCA I and II Appoints New CFO, Weil Resigns from RCAP Board

Corinne Pankovcin has been named chief financial officer, treasurer and secretary of Business Development Corporation of America I and II, two non-traded business development companies sponsored by AR Capital.

In connection with Pankovcin’s new appointments, Nicholas Radesca resigned from his role as chief financial officer, treasurer and secretary of BDCA, while Katie Kurtz resigned from the same roles at BDCA II. According to filings with the Securities and Exchange Commission, Radesca and Kurtz did not resign pursuant to any disagreement with the company.

Prior to joining the companies, Pankovcin served as the chief financial officer and treasurer of BlackRock Capital Investment Corporation (NASDAQ: BKCC), an externally-managed business development company, and a managing director of finance at BlackRock Investment Management LLC from January 2011 until August 2015. Prior to that, she was a senior member of finance & accounting of alternative investments and served as chief financial officer for the emerging markets products group at PineBridge Investments (formerly AIG Investments). Pankovcin earned her bachelor’s in business administration from Dowling College and her master’s from Hofstra University. She is a certified public accountant.

In other AR Capital-related news, Michael Weil resigned as a member of the board of directors of RCS Capital Corporation (NYSE: RCAP) on Friday. According to the company, his resignation did not result from a disagreement with the company or the board of directors. Last month, Weil resigned as the company’s chief executive officer following allegations by the Secretary of the Commonwealth of Massachusetts that employees allegedly masqueraded as BDCA shareholders to cast proxy votes in favor of the investment program.