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McLean, VA: Gladstone Capital Corp. (NASDAQ: GLAD) announced
today that its board of directors has elected Michela
English as a director to serve until its next annual
shareholderÕs meeting. Michela English is the
president of Discovery Consumer Products, a division
of Discovery Communications, Inc.
"We are very fortunate to have Michela English
join our board of directors. We served together on the
board of Riggs National Corporation and I know she will
make an outstanding director of our company. She has
all the strengths we seek in a director. We are happy
she has joined our board and we are looking forward to
her advise on the future direction of our companyÓ said
David Gladstone, Chairman of the Board of Gladstone Capital.
What follows is a brief bio.
Michela English, President, Discovery Consumer Products
As President, Discovery Consumer Products, Michela English
heads Discovery Channel's fast-growing consumer and educational
businesses, which offer a broad array of entertaining
and informative products to consumers worldwide, through
Discovery-branded retail stores, a robust online shopping
experience, mail-order catalogs, educational institutions
and strategic third-party retail partners.
Since March 1996, English has held the positions of
President, Discovery Enterprises Worldwide, and President,
Discovery.com, launching and rapidly developing new initiatives
that build upon and enhance Discovery's television brands
and consumer relationships. She has overseen the development
of:
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Discovery's highly trafficked and award-winning web
sites, featuring deep content and services related
to Discovery's television networks
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A nationwide chain of 160 retail stores including Discovery Channel Stores
and The Nature Company
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A broad selection of consumer products, including videos, books, and a
growing assortment of engaging items for the whole family that are distributed
globally
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A K-12 education business that brings high-quality supplementary media in
multiple formats (videos, CD-ROMs, print and online) to classroom teachers
and
their students.
Ms. English is an experienced executive with a wide-ranging
background in marketing, corporate planning and business
development. She most recently served as senior vice
president of the National Geographic Society, where she
was responsible for marketing, book publishing, Traveler
magazine, World magazine for children, educational media
and international publishing. English spearheaded the
1995 launch of National Geographic magazine in the Japanese
language, the publication's first-ever non-English edition.
She had previously served as vice president of marketing,
directing product development and marketing activities
for Society membership, books, videos, magazines and
other educational products. She was a member of the Society's
Board of Trustees and Education Foundation Board.
Prior to her tenure at the National Geographic Society,
English served as a consultant for such clients as Marriott
Corporation and MCI. She had also been vice president,
corporate planning and business development for Marriott
Corporation. Prior to Marriott, English worked as senior
engagement manager for the international consulting firm
McKinsey & Company, helping top management in major
media and diversified companies design and implement
strategic plans, improvements in operations and organizational
changes.
Ms. English is active within the volunteer, nonprofit
and corporate communities. She has served as director
of Riggs National Corporation in Washington, DC; director
of Windsor Pet Care, Inc. of Hasbrouk Heights, NJ; trustee
of the Supreme Court Historical Society in Washington,
DC; a member of the Yale School of Management Advisory
Board in New Haven, CT; and a director of the Potomac
KnowledgeWay. She currently serves as a director of the
NEA Foundation for the Improvement of Education, the
Educational Testing Service (ETS), and as chairman of
the Board of Sweet Briar College.
English received a Bachelor of Arts in International
Affairs at Sweet Briar College and a Master of Public
and Private Management degree from Yale University's
School of Management.
For further information contact Harry Brill or David
Gladstone at 703-286-7000.
This press release may include statements that may constitute "forward-looking
statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
with regard to the future performance of the Company. Words
such as "believes" and "future" or similar
expressions are intended to identify forward-looking statements.
These forward-looking statements inherently involve certain
risks and uncertainties, although they are based on the Company's
current plans that are believed to be reasonable as of the
date of this press release. Factors that may cause the Company's
actual results, levels of activity, performance or achievements
to be materially different from any future results, levels
of activity, performance or achievements expressed or implied
by such forward-looking statements include, among others,
those factors listed under the caption "Risk factors" of
the Company's prospectus dated August 23, 2001, as filed
with the Securities and Exchange Commission on August 24,
2001. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
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