Dynex Capital promotes Smriti Laxman Popenoe to co-CEO, Rob Colligan to COO

Dynex Capital announced the promotion of Smriti Laxman Popenoe and several other executive promotions. Popenoe, who has served as the company’s president and chief investment officer, has been promoted to co-CEO, effective immediately. She will lead Dynex together with Byron Boston, who remains chairman and co-CEO. Popenoe will retain her role as president and CIO, overseeing the company’s investment portfolio and capital management, and continue as a member of the board of directors. Dynex also announced the promotion of Rob Colligan, who has served as the company’s CFO since 2022, to CFO and COO, effective immediately. In his expanded role, Colligan will oversee the company’s finance, accounting, legal, human resources, investor relations, and marketing functions, in addition to the newly created technology function. He will continue to report to co-CEOs Byron Boston and Smriti Popenoe. Dynex also announced the hiring of Harman Sahni as CTO, effective immediately. Sahni will be responsible for leading the company’s technology strategy, infrastructure, and innovation, and will report to Rob Colligan, CFO and COO.