Annaly Capital Management, Inc. Expands Board with Election of Katie Beirne Fallon and Vicki Williams Effective January 1, 2018
November 01 2017 - 4:25PM
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.
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