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Stock impact report

Rand Capital Corporation Names Erland E. Kailbourne as Chairman of the Board

Rand Capital Corporation - Closed End Fund (RAND) 
US:NASDAQ Investor Relations: ir.randcapital.com
Company Research Source: Business Wire
BUFFALO, N.Y.--(BUSINESS WIRE)-- Rand Capital Corporation (NASDAQ:RAND) (“Rand”), a venture capital company which invests in growth businesses with unique product, service or technology concepts, today announced that Erland (“Erkie”) E. Kailbourne, a director since 1999, has been named Chairman of the Board effective immediately. Robert M. Zak, director since 2005, will remain as Vice Chairman of the Board. Mr. Kailbourne noted, “As I assume the role of Chairman, I will endeavor to pursue the guidance and wisdom that my friend and colleague Reg Newman provided to Rand Capital during his outstanding tenure as our Chairman. We have a strong portfolio of companies, a strategy for growth and an opportunity to further leverage our balance sheet to create value for our shareholders.” Mr. Kailbourne has served on several committees as a member of the Rand Board of Directors over the last 19 years. Show less Read more
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