Annaly Appoints New CFO

Annaly Appoints New CFO

There's a new name next to the chief financial officer title at Annaly Capital Management . The company revealed that it has tapped Glenn Votek to be its new CFO, in place of the retiring Kathryn Fagan. Votek will also serve on the REIT's operating committee.

Votek is a relative newcomer to the company, having joined it this past May as chief administrative officer. Before that, he was executive vice president, treasurer, and president of consumer finance at CIT Group, where he had worked since 1999.

Fagan, who had been Annaly's CFO since its founding in 1997, served notice of her retirement last week.

The article Annaly Appoints New CFO originally appeared on

Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Originally published