November 22, 2019
Kevin Keyes has stepped down as chairman, CEO and president of Annaly Capital Management, while also giving up his seat on the company’s board. New York-based Annaly said its board and Keyes have mutually agreed that his departure will be effective immediately.
The mortgage REIT’s board, which has formed a search committee, named Glenn Votek to serve as CEO and president on an interim basis. Votek has been elected to the board and will also continue to serve as CFO. The board has separated the roles of CEO and chairman.
Keyes, who served as Annaly’s CEO since 2015, is retiring from the company’s external manager, Annaly Management Company LLC and its affiliates. He’ll be available for consultation to ensure a smooth transition.
“It has been a pleasure being a part of the Annaly team, and I depart knowing that the Company is well positioned for the future,” Keyes said.
Pictured: Annaly headquarters in Midtown Manhattan.
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