Annaly Capital Management, Inc. Appoints Serena Wolfe as Chief Financial Officer
December 09 2019 - 4:15PM
Business Wire
Glenn Votek Will Continue to Serve as Interim
Chief Executive Officer and President and a Member of the Board of
Directors
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the
“Company”) announced today that it has appointed Serena Wolfe, 40,
as Chief Financial Officer effective December 9, 2019. Ms. Wolfe
will also serve as a member of Annaly’s Operating Committee. The
Company also announced that Glenn Votek, the Company’s Chief
Financial Officer and interim Chief Executive Officer and
President, has stepped down from his role as Chief Financial
Officer. Mr. Votek will continue to serve as interim Chief
Executive Officer and President and as a member of the Company’s
Board of Directors (the “Board”).
“I am thrilled to welcome Serena to Annaly and transition my
role as Chief Financial Officer,” stated Mr. Votek. “Serena is a
respected industry veteran with an extensive background and
expertise in both real estate and accounting. Her deep financial
acumen and leadership experience will position her well to make an
immediate and meaningful impact here at Annaly.”
Thomas Hamilton, Chair of the Board, commented, “We are
incredibly grateful to Glenn for his more than six years of service
and outstanding leadership as Chief Financial Officer. During his
tenure as Chief Financial Officer, Glenn has led the development of
the robust finance organization we have in place today and has
been, and continues to be, pivotal to the execution of our
strategy. We look forward to continuing to work with Glenn in his
roles as interim Chief Executive Officer and President and as a
member of the Board.”
Ms. Wolfe most recently served as a Partner at Ernst & Young
(“EY”) since 2011 and as its Central Region Real Estate Hospitality
& Construction (“RHC”) leader from 2017 to November 2019,
managing the go-to-market efforts and client relationships across
the sector. Ms. Wolfe was previously also EY’s Global RHC Assurance
Leader. EY’s RHC practice has the largest integrated real estate
practice of any accounting organization, with more than 12,000
professionals around the world providing audit, tax, transaction,
and real estate advisory services to real estate owners, investors,
lenders, and users – including many REITs, homebuilders, and
developers.
Ms. Wolfe practiced with EY for over 20 years, including six
years with EY Australia and 16 years with the U.S. practice. She
spent ten years in New York with EY’s Global Real Estate Center. In
2017, Ms. Wolfe moved to the Chicago area to lead the RHC practice
for EY’s Central Region. Ms. Wolfe has worked in a variety of
industries including real estate, manufacturing, and technology.
The last 13 years have been focused solely in the real estate
practice. Her specialties include Real Estate, Financial Reporting,
IFRS, U.S. GAAP, and SEC matters. Ms. Wolfe graduated from the
University of Queensland with a Bachelor of Commerce in Accounting.
She is a Certified Public Accountant in the states of New York,
California, Illinois, and Pennsylvania.
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 optimize its returns through prudent
management of its diversified investment strategies. 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 on the company can
be found at www.annaly.com.
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