ARR - ARMOUR Residential REIT Inc. Announces Retirement of Founder and Co-CEO Jeffrey J. Zimmer | Benzinga
VERO BEACH, Florida, March 15, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE:ARR) ("ARMOUR" or the "Company") today announced that Jeffrey J. Zimmer will retire as Co-Chief Executive Officer, President, Vice Chair and director of the Company. Mr. Zimmer has agreed to serve as an ex-officio, non-voting special advisor to the Board of Directors of the Company. Mr. Zimmer will also continue serving as a Co-Managing Member of ARMOUR Capital Management LP, ARMOUR's external manager ("ACM"), to advise on finance, lending and trading activities, including capital markets strategies, funding, repurchase lending and ARMOUR's mortgage-backed securities (MBS) portfolio.
Daniel C. Staton, Chairman of the ARMOUR Board, commented, "The Board and I are very grateful to Jeff for his leadership in founding and building the Company and playing a pivotal role during the last 15 years in leading and guiding the Company through tremendous growth. Jeff is a dear friend and has played a critical role in the development and success of ARMOUR. The Board and I will miss his leadership, but are delighted that ...