Houlihan Lokey, Inc. announced that Scott Beiser will step down as Chief Executive Officer, a role he has held since 2003. Scott Adelson, Co-President and Global Co-Head of Corporate Finance, will succeed Mr. Beiser as Chief Executive Officer. Mr. Beiser will remain an executive officer of the firm as a Co-Chairman of Houlihan Lokey.

The changes were approved by Houlihan Lokey?s Board of Directors on March 1, 2024 and will be effective June 10, 2024. Mr. Adelson, age 63, has served as Co- President since 2013, has been a Senior Managing Director in Corporate Finance group since 2002, and serves as Global Co-Head of Corporate Finance. Mr. Adelson has served on the board of directors for various public and private companies, including QAD Inc. from April 2006 to November 2021 and Motorcar Parts of America, Inc. from January 2008 to September 2022.

Mr. Adelson completed his undergraduate studies at the University of Southern California and earned his M.B.A. from the University Of Chicago Booth School Of Business.