GLEN ALLEN, Va. - Dynex Capital, Inc. (NYSE: NYSE:DX), a real estate investment trust (REIT), has announced the appointment of two new independent directors to its Board, Andrew Gray and Alexander Crawford, effective last Tuesday.
The new appointees will join various committees within the Board, with Gray serving on the Audit, Compensation, and Investment Committees, and Crawford on the Audit, Compensation, Strategy, and Investment Committees.
The appointments come as part of the company's ongoing efforts to refresh its directorial team. Dynex's CEO and Chairman, Byron Boston, expressed confidence in the new directors, highlighting their extensive experience in financial services and risk management.
Boston noted that Gray's expertise in business strategy and regulatory compliance, along with Crawford's knowledge of technology and artificial intelligence in financial services, would be beneficial for the company's growth and operational strategies.
Additionally, the Board announced the resignations of long-standing Board members Michael Hughes and Robert Salcetti, effective this past Monday. With the departure of Hughes and Salcetti, who served since 2010 and 2013 respectively, and the addition of the new directors, the Board will consist of six members, four of whom are independent.
Dynex Capital praised the significant contributions of Hughes and Salcetti, acknowledging their roles in the company's ability to navigate market changes and generate industry-leading returns.
Gray's background includes over 30 years of leadership in financial services, with roles at the Depository Trust and Clearing Corporation (DTCC), Merrill Lynch, and Booz Allen (NYSE:BAH) & Hamilton. He is currently an Executive Advisor with MyNextSeason and a member of the Board of Trustees for the Global Association of Risk Professionals.
Crawford brings over three decades of experience in financial research, risk management, and technology. He retired as a Partner and Chief Investment Risk Officer from Lord, Abbett and has been a pioneer in mortgage-backed securities. As the founder and CEO of Artificial Intelligence Risk, Inc., he has focused on leveraging AI for governance, risk, compliance, and cybersecurity.
This announcement is based on a press release statement from Dynex Capital, Inc.
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