MFA Financial, Inc. Announces Appointment of William Gorin as Chief Executive
-Company Also Announces Appointment of Craig Knutson as President and COO-
NEW YORK, Sept. 23, 2013
NEW YORK, Sept. 23, 2013 /PRNewswire/ --MFA Financial, Inc. (NYSE: MFA)
announced today that its Board of Directors has appointed William S. Gorin as
chief executive officer of the company, effective January 1, 2014. Mr. Gorin,
who is currently MFA's president, will succeed Stewart Zimmerman, who is
retiring at the end of 2013 after having served as MFA's CEO since 1997 and
Chairman of the Board since 2003. In addition, MFA's Board has appointed
Craig L. Knutson as the company's president and chief operating officer,
effective January 1, 2014.
"We are extremely pleased to name Bill as MFA's new CEO upon Stewart's
retirement at the end of the year," said George H. Krauss, MFA's Lead
Director. "Bill has been a part of MFA since shortly after its founding. With
his intimate knowledge of MFA and the residential mortgage-backed securities
market, Bill is the right executive to lead MFA into the future."
Mr. Gorin, 55, has been MFA's president since 2008 and a member of its Board
of Directors since 2010. From 1997 to 2008, Mr. Gorin served as an executive
vice president of the company, and from 2001 to September 2010, he also served
as MFA's chief financial officer.
In addition to his serving as MFA's CEO, Mr. Zimmerman, 69, who helped found
MFA in 1997, also served as its president from 1997 to 2008. Following his
retirement, Mr. Zimmerman will serve as a consultant to MFA through the end of
Mr. Knutson, 54, who will succeed Mr. Gorin as president of MFA and also
assume the newly-created role of COO, has been an executive vice president of
the company since 2008. While at MFA he has overseen the growth and
development of MFA's portfolio of Non-Agency residential mortgage-backed
MFA is a real estate investment trust primarily engaged in the business of
investment, on a leveraged basis, in Agency and Non-Agency residential
CONTACT: MFA Investor Relations
SOURCE MFA Financial, Inc.
Press spacebar to pause and continue. Press esc to stop.