Margaret Brechtel serves as Executive Vice President, Treasurer, CFO and Secretary at Rand Capital, combining executive leadership with broad control over capital allocation, liquidity management, corporate governance and financial strategy communication to public markets—an unusually wide remit for a venture finance leader. She has guided Rand's transition from a small venture vehicle into a dividend-paying BDC over more than two decades, emphasizing disciplined expense management, debt-free balance sheet maintenance, and conservative portfolio valuation to preserve consistent shareholder dividends.