BETHESDA, Md., Dec. 23 /PRNewswire/ -- American Capital Strategies, Ltd. (Nasdaq:ACAS) reported today that its director, Stan Lundine, has been appointed executive director of the Foundation for Enterprise Development. Mr. Lundine recently completed a successful 25 year career in local, state and national government including serving as the lieutenant governor of the state of New York.
The Foundation for Enterprise Development was established to conduct research and disseminate information concerning integrating broad-based employee ownership in corporations to achieve a greater degree of entrepreneurial motivation, competitiveness and efficiency.
Founded with the support of Science Applications International, one of the largest employee owned firms in the world, the Foundation has played a vital role in promoting employee ownership and participation. Dr. J. Robert Beyster, Chairman and CEO of Science Applications International Corporation (SAIC) and the founder and president of the Foundation for Enterprise Development said ``Stan brings a wealth of experience and leadership in advocacy of employee ownership principles. He will be instrumental in guiding the Foundation's mission to develop productive competitive enterprises by promoting entrepreneurial employee ownership and participation as an effective means of motivating the workforce and improving corporate performance.''
``We are very pleased that our director has accepted this key position at the Foundation. We believe that Stan will be a great asset to the Foundation and he will be even more valuable as a director of American Capital,'' said David Gladstone, Chairman of American Capital.
