On May 2, 2016, the Board of Directors of WhiteHorse Finance, Inc. appointed Stuart Aronson as Chief Executive Officer, effective May 23, 2016. Jay Carvell, the Company's current Chief Executive Officer, will continue to serve as a member of the company's Board of Directors and as a Managing Director of H.I.G. WhiteHorse Advisers, LLC. Mr. Aronson currently serves as the Group Head of the U.S. direct lending platform of H.I.G. Capital, L.L.C.