Fifth Street Senior Floating Rate Corp. announced that its board of directors made several management changes, including the promotion of Richard A. Petrocelli to Chief Financial Officer. Prior to his promotion, Mr. Petrocelli served as Chief Accounting Officer of Fifth Street Finance Corp.

Previously, he spent 15 years at Saratoga Partners, where he was Managing Director and CFO. Additionally, he served as CFO and Chief Compliance Officer of Saratoga Partner's, Saratoga Investment Corp. and has over 20 years of finance and accounting experience across a wide variety of roles in the asset management industry.

In addition, Alexander C. Frank has stepped down as Chief Operating Officer of FSFR.