NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”)
today announced that the Board of Directors of the Company (the “Board”)
has elected Katie Beirne Fallon and Vicki Williams to become members of
the Board effective January 1, 2018. With the additions of Ms. Fallon
and Ms. Williams, Annaly’s Board will comprise eleven members, nine of
whom are independent.
“Katie and Vicki are two highly accomplished professionals who add to
our Board’s depth and perspective on critical topics such as public
policy, human resources, corporate responsibility and communications,”
said Kevin G. Keyes, Chief Executive Officer and President of Annaly.
“Together with the entire Board, I welcome Katie and Vicki to Annaly and
look forward to working with them. We are confident they both will add
unique value to our Board of Directors and that Annaly will benefit from
their experience, insights and counsel.”
Ms. Fallon is the Global Head of Corporate Affairs for Hilton and is
responsible for managing its communications, government relations and
corporate responsibility efforts. Ms. Fallon is also a member of
Hilton’s executive committee. Ms. Fallon has over a decade of experience
serving as a top leadership aide in the highest levels of the U.S.
government. Prior to Hilton, Ms. Fallon was Senior Advisor and Director
of Legislative Affairs for President Obama. As the President's chief
liaison to Congress, she played a lead role in negotiating major
bipartisan legislation and improving the relationship between the White
House and Congress. Before her tenure as chief liaison, Ms. Fallon
served as the President’s Deputy Communications Director at the White
House where she devised and executed communications strategies for the
President to promote his economic agenda across the country.
Ms. Williams is Senior Vice President, Compensation, Benefits and Human
Resources Information System (HRIS) at NBCUniversal. In addition to
overseeing these three HR specialist areas, she also oversees HR support
for corporate functions, specifically corporate legal, HR,
communications, corporate events, social responsibility and diversity.
Prior to joining NBCUniversal, Ms. Williams was a consultant on
compensation and benefits both as a partner with Pay Governance LLC and
prior to that as a principal with Towers Perrin Forester & Crosby Inc.
(now Willis Towers Watson PLC). In these roles, Ms. Williams has gained
direct experience with boards of directors and senior management on all
elements of compensation, human resources and benefits.
Ms. Fallon will serve as a Class III director and will stand for
re-election to the Board at the Company’s 2018 Annual Meeting of
Stockholders for a term of two years. Ms. Fallon will serve on the
Board’s Nominating/Corporate Governance Committee and Public
Responsibility Committee effective January 1, 2018.
Ms. Williams will serve as a Class II director and will stand for
re-election to the Board at the Company’s 2018 Annual Meeting of
Stockholders for a term of one year. Ms. Williams will serve on the
Board’s Audit Committee and Compensation Committee effective January 1,
2018.
About Annaly
Annaly is a leading diversified capital manager that invests in and
finances residential and commercial assets. Annaly’s principal business
objective is to generate net income for distribution to its stockholders
and to preserve capital through the prudent selection of investments and
continued management of its portfolio. Annaly has elected to be taxed as
a real estate investment trust, or REIT, for federal income tax
purposes. Annaly is externally managed by Annaly Management Company LLC.
Additional information is available at www.annaly.com
Forward Looking Statements
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements which are
based on various assumptions (some of which are beyond our control) and
may be identified by reference to a future period or periods or by the
use of forward-looking terminology, such as “may,” “will,” “believe,”
“expect,” “anticipate,” “continue,” or similar terms or variations on
those terms or the negative of those terms. Actual results could differ
materially from those set forth in forward looking statements due to a
variety of factors, including, but not limited to, changes in interest
rates; changes in the yield curve; changes in prepayment rates; the
availability of mortgage-backed securities and other securities for
purchase; the availability of financing and, if available, the terms of
any financing; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to grow our
commercial real estate business; our ability to grow our residential
mortgage credit business; our ability to grow our middle market lending
business; credit risks related to our investments in credit risk
transfer securities, residential mortgage-backed securities and related
residential mortgage credit assets, commercial real estate assets and
corporate debt; risks related to investments in mortgage servicing
rights; our ability to consummate any contemplated investment
opportunities; changes in government regulations and policy affecting
our business; our ability to maintain our qualification as a REIT for
U.S. federal income tax purposes; and our ability to maintain our
exemption from registration under the Investment Company Act of 1940, as
amended. For a discussion of the risks and uncertainties which could
cause actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” in our most recent Annual
Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.
We do not undertake, and specifically disclaim any obligation, to
publicly release the result of any revisions which may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements,
except as required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171101006622/en/
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.