Annaly Capital Management appoints CFO
The board of directors of Annaly Capital Management has appointed Glenn A Votek as chief financial officer of the company.
Votek (pictured) will also serve as a member of Annaly’s operating committee. Votek was previously the company’s chief administrative officer.
Following a long career, including serving as chief financial officer of the company since its founding, Kathryn F Fagan has decided to retire.
“I want to personally thank Kathryn for all she has done for the company over the past 16 years and I wish her all the best in her retirement,” says Wellington Denahan, chairman and chief executive officer of Annaly.
Votek has over 20 years of financial and operational experience with particular expertise in risk management, capital raising, liability management and regulatory oversight. Votek joined the company in May 2013 from CIT Group where he was an executive vice president and treasurer since 1999 and president of consumer finance since 2012. At CIT, Votek was responsible for all functional areas of CIT’s treasury group, including capital markets, securitisation, asset/liability management, hedging, international treasury, cash management, and banking and rating agency relations. He was also actively involved in the investor marketing activities at CIT.
Votek joined CIT in November 1999 following its acquisition of Newcourt Credit Group, at which time he was appointed treasurer. Prior to the acquisition, he was the treasurer of Newcourt Credit Corp. and AT&T Capital Corporation. Votek has also held various treasury and financial management positions within AT&T Corporation, Amerada Hess Corporation and Westinghouse Credit Corporation.