Goldman Sachs BDC, Inc.  announced that Jaime Ardila has been named Chairman of the Board of Directors, effective January 1, 2018. He will succeed Ashok Bakhru, Chairman since 2013, who will retire at the end of this year.

“On behalf of Goldman Sachs Asset Management, I want to thank Ashok for his leadership and outstanding contributions to GS BDC since our inception,” said Brendan McGovern, President and Chief Executive Officer of GS BDC. “Furthermore, I am excited to welcome Jaime as Chairman of our Board. Jaime brings decades of operational and management experience to our Board, and his appointment as our Chairman reaffirms GS BDC’s commitment to the highest standards of governance on behalf of our stockholders.”

Ardila has served as a member of GS BDC’s Board of Directors since 2016. He also serves on the Board of Directors of Goldman Sachs Private Middle Market Credit LLC. In addition, he is a member of the Board of Directors of Accenture plc, a management consulting services company, where he serves as a member of the Finance and Audit Committees, and as a member of the Board of Directors of Ecopetrol, an integrated oil company, where he serves as a member of the Audit Committee, the Business Committee and the Corporate Governance and Sustainability Committee.

Previously, Ardila worked for approximately 30 years at General Motors Company (“GM”), a leading designer and manufacturer of automobiles. At GM, Ardila held several senior management positions, most recently Executive Vice President of the company and President of GM South America. Mr. Ardila joined GM in 1984. From 1996 to 1998, Mr. Ardila served as the managing director, Colombian Operations, of N M Rothschild & Sons Ltd, before rejoining GM in 1998.