Rand Capital Corporation announced Cari Jaroslawsky was elected to the Board of Directors, replacing Allen F. “Pete” Grum, whose directorship term expired at the Annual Meeting of Shareholders held on April 21, 2022. With these changes, Rand's Board is comprised of five directors, four of whom are independent. Ms. Jaroslawsky brings over 25 years' experience as an aerospace engineering executive and finance expert.

Also a member of the Board of Directors of Graham Corporation, Ms. Jaroslawsky is currently a Senior Vice President and General Manager for Mission Systems Division, Eaton.