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NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced that its Board of Directors has appointed Wellington Denahan-Norris Co-CEO in order to allow Chairman and Chief Executive Officer Michael A.J. Farrell to focus on his ongoing treatment for cancer.

More: http://investor.annaly.com/file.aspx?IID=113558&FID=1470...

huntandfish
Long NLY
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No. of Recommendations: 1
Hey there !

Farrell has been doing quite well with NLY. Will Norris do just as well?

Rich (haywool)
Very long NLY for a very long time ... enjoying the dividends
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Farrell has been doing quite well with NLY. Will Norris do just as well?

Sad to see his health issues appear serious. I am not concerned that She will continue to run the company in the counter-cyclical manner that has allowed it to survive past market trials. Still I wish Mike Farrell well, and listening to conference calls won't be the same should he have to take leave.
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