The CION Investment Corp. board added Earl Hedin as an independent director and named Gregg Bresner president.

Bresner is currently senior managing director and chief investment officer, a role he will continue in.

With Hedin, the board's size was increased to six members, four of which are independent directors. His term will expire at the company's 2019 annual shareholders meeting or when his successor is elected.

Hedin is the co-founder and managing partner of Hudson Partners Group LLC and its broker/dealer, Hudson Partners Securities LLC.