Dynex Capital Appoints Two New Independent Directors By Investing.com

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GLEN ALLEN, Va. – Dynex Capital, Inc. (NYSE: NYSE:), a real estate investment trust (REIT), announced the appointment of two new independent directors to its Board of Directors, effective Tuesday: Andrew Gray and Alexander Crawford.

The new appointees will join various committees within the board, with Gray serving on the Audit, Compensation and Investment Committee and Crawford serving on the Audit, Compensation, Strategy and Investment Committee.

This appointment comes as part of the company’s ongoing efforts to refresh its director team. Dynex CEO and Chairman Byron Boston expressed confidence in the new director, highlighting his extensive experience in financial services and risk management.

Boston noted that Gray’s business strategy and compliance expertise, along with Crawford’s knowledge of financial services technology and artificial intelligence, will benefit the company’s growth and operational strategies.

The board also announced the resignations of longtime board members Michael Hughes and Robert Salcetti, effective Monday. With the resignation of Hughes and Salcetti, who have served since 2010 and 2013 respectively, and the addition of new directors, the board will now consist of six directors, four of whom are independent.

Dynex Capital praised the significant contributions of Hughes and Salcetti, acknowledging their role in the company’s ability to navigate market changes and generate industry-leading returns.

Gray’s background includes more than 30 years of leadership in the financial services sector, including roles at Depository Trust and Clearing Corporation (DTCC), Merrill Lynch, Booz Allen (NYSE:) and Hamilton. He is currently a senior advisor at MyNextSeason and a member of the Board of Directors of the Association of Global Risk Professionals.

Crawford has more than 30 years of experience in financial research, risk management and technology. He retired as a partner and chief investment risk officer at Lord Abbett and was a pioneer in the field of mortgage-backed securities. As 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 from Dynex Capital, Inc.

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