Horizon Technology Finance Corporation announced on May 15, 2025, that Robert D. Pomeroy, Jr. will retire as Chief Executive Officer and Gerald A. Michaud will retire as President, both effective June 5, 2025. Mr. Pomeroy will remain Chairman and an interested member of the Board of Directors.
Concurrently, the Board of Directors appointed Michael P. Balkin to succeed Mr. Pomeroy as CEO. Mr. Balkin previously served as an independent director of the company since June 2023 and brings extensive experience in investment and portfolio management.
The new leadership is expected to build on Horizon's heritage by continuing to grow the venture debt portfolio with a renewed focus on high-quality, small-cap growth companies. This transition is part of the company's succession planning and aims to drive long-term value for stockholders.
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