Invesco Mortgage (IVR) announced that President Kevin Collins will assume the role of CEO, effective May 1. Collins will succeed John Anzalone, who is retiring from the company effective April 30 after a nine-year tenure as CEO. To assist in the transition, Anzalone is expected to remain in an advisory role to the company through October 1. Collins has served in several capacities with the company, dating back to its formation in 2009. He has served as President since 2017 and worked alongside Anzalone and the management team for the entirety of his tenure. He is also the Co-Head of Structured Investments for Invesco Fixed Income. David Lyle will assume the role of President, also effective May 1. Lyle has served as COO since 2017 and has been involved in the management of the company since 2009. He is also the Co-Head of Structured Investments for Invesco Fixed Income with over 20 years of experience in securitized markets.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IVR:
- Invesco Mortgage price target lowered to $7.75 from $8.25 at BofA
- Invesco Mortgage Declares March Dividend, Updates Financial Metrics
- Invesco Mortgage Capital Adds Veteran Fixed Income Director
- How Interest Rate Volatility Threatens Invesco Mortgage Capital’s Earnings, Liquidity, and Risk Management
- Invesco Mortgage Launches New Expanded Equity Distribution Program
