Brian Gerson on March 29 resigned as president of FS Investment Corp. FS Investment's board appointed Todd Builione as his successor. Builione is CEO and a board member of Corporate Capital Trust Inc., a member of KKR & Co. LP and president of KKR Credit & Capital Markets. Builione was also named to FS Investment's board. He will receive no direct compensation from the company. Gerson's resignation was not due to any disagreement with FS' operations, policies or practices. The transition takes effect when the company enters into either new investment advisory agreements with FB Income Advisor LLC and KKR Credit Advisors (US) LLC or a new investment advisory agreement with newly formed FS/KKR Advisor LLC whichever happens first. David Adelman, Thomas Gravina and Michael Heller on March 29 also stepped down from FS Investment's board. Their resignations take effect when GSO/Blackstone Debt Funds Management LLC resigns as the company's investment sub-adviser. The board will have nine members left.