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Erika Highland became president of Gladstone Investment Corporation (Nasdaq: GAIN) on October 1, 2026. The company had announced the appointment in March as part of a succession plan; its October 1 filing confirmed the change took effect as scheduled. Highland succeeded David Dullum, who stepped down as president and continued as chief executive officer.
When did Erika Highland become president?
Gladstone Investment announced its succession plan on March 23, 2026. At that time, the board approved Highland’s promotion to executive vice president effective immediately and named her president effective October 1, 2026. The March announcement set a future effective date; it did not mean she became president in March. The company’s October 1, 2026 filing confirmed that her appointment took effect that day.
Who did Highland replace, and is David Dullum still CEO?
Highland succeeded David Dullum as president. Dullum stepped down from the presidency on October 1 and remained the company’s CEO. The roles therefore changed hands separately: Highland became president while Dullum continued to lead the company as chief executive.
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Who is Erika Highland?
According to the company’s officer disclosures, Highland joined the Gladstone Companies in August 2005. Before becoming president, she had served as a senior managing director since October 2023 and was promoted to executive vice president in March 2026.
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Her disclosed investment work includes sourcing and executing transactions, managing portfolio companies, and overseeing exits. She has also served on boards of past and current portfolio companies. Before joining Gladstone, she worked at Wells Fargo Retail Finance and A.G. Edwards in investment banking. Highland holds a Bachelor of Science in Business Administration with a concentration in Finance from Boston College.
How did the appointment fit into Gladstone Investment’s succession plan?
Highland’s appointment was one part of a broader leadership transition announced in March. David Gladstone stepped down as CEO and remained chairman; Dullum became CEO; and John Sateri became chief investment officer. Highland and Christopher Lee were appointed executive vice presidents, with Highland’s move to president scheduled for October.
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The company described the changes as a succession plan intended to support leadership continuity and governance, including separating the chairman and CEO roles. That is the company’s stated rationale, not an independently established outcome. Dullum said: “We have an extremely talented team and I am excited to continue building on our strong foundation and growth with the elevation of Erika Highland to President.”
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