Armour Residential REIT Inc. (NYSE: ARR, ARR PRC) announced the retirement of Jeffrey J. Zimmer as co-CEO, president, vice chairman and director of the company.
Zimmer, who held the leadership role at the company since November 2009, will serve as an ex-officio, non-voting special advisor to the board of directors of the company and Zimmer will also continue serving as a co-managing member of Armour Capital Management LP. Prior to joining Armour, he was chairman, president and CEO at Bimini Capital Management Inc. and at Bimini Mortgage Management Inc. Earlier in his career, he was a managing director at RBS/Greenwich Capital in the mortgage-backed and asset-backed department.
“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,” said Daniel C. Staton, chairman of the Armour board. “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 Jeff has graciously agreed to continue to be a valuable advisor to the Armour board in his new role.”
Photo: Jeffrey J. Zimmer (left) with Armour Residential REIT co-CEO Scott Ulm at the New York Stock Exchange in 2012. Photo courtesy NYSE Euronext / Valerie Caviness
;
