ARLINGTON, Va., March 23, 2015 /PRNewswire/ -- Arlington
Asset Investment Corp. (NYSE: AI) (the "Company") today announced
the appointment of Richard E. Konzmann as the Company's Executive
Vice President, Chief Financial Officer ("CFO") and Treasurer,
effective today. Mr. Konzmann succeeds Kurt R. Harrington, age 62, who is retiring
after serving as the Company's CFO for the last fifteen
years. To assist with the transition, Mr. Harrington will
remain an employee of the Company until April 30, 2015.
"Along with the rest of the Board and all the employees, I thank
Kurt for his countless contributions and dedication to the Company
over the years, and we wish him the very best in his retirement,"
said J. Rock Tonkel, Jr., the
Company's President and Chief Executive Officer.
Mr. Tonkel continued, "We are very pleased to find someone of
Rich's caliber who is able to assume the role of CFO. Rich is
a deeply experienced finance and accounting executive with nearly
25 years of experience. We believe that Rich's strong
industry experience, leadership, and technical skills make him the
ideal person to assume the CFO position and will be a strong
complement to our executive team. We welcome him to the
Company and look forward to his future contributions to the
business."
Mr. Harrington said: "While I'm very excited about starting a
new chapter in my life and will miss my Arlington colleagues, I am completely
confident that the Company is in excellent hands. I have the
utmost confidence in Rich's capabilities."
"I'm excited and honored to join the executive team at
Arlington," said Mr. Konzmann. "I
look forward to the opportunity to play a strong leadership role in
the financial management of the Company and to help advance the
Company's strategic objectives to continue to deliver value to its
shareholders."
About Mr. Konzmann
Since 2002, Mr. Konzmann was employed by American Capital, Ltd.
(NASDAQ: ACAS), a publicly traded private equity firm and global
asset manager. In 2006, Mr. Konzmann became Senior Vice
President, Accounting of American Capital, Ltd. where he was
responsible for all accounting, financial reporting, loan servicing
and tax compliance for the alternative asset management company and
its funds under management, including publicly traded mortgage real
estate investment trusts (American Capital Agency Corp. and
American Capital Mortgage Investment Corp.), publicly traded
business development companies and private equity funds.
Prior to joining American Capital, Ltd., Mr. Konzmann served in
various controllership, finance and asset management roles with
Crestline Capital Corporation and Host Marriott
Corporation and began his career with the public accounting
firm Deloitte and Touche LLP. Mr. Konzmann graduated from
Pennsylvania State University with a
Bachelor of Science in Accounting and is a Certified Public
Accountant and Certified Valuation Analyst.
About the Company
Arlington Asset Investment Corp. (NYSE: AI) is a principal
investment firm that currently invests primarily in
mortgage-related and other assets. The Company is
headquartered in the Washington,
D.C. metropolitan area. For more information, please
visit www.arlingtonasset.com.
Certain statements in this press release are forward-looking as
defined by the Private Securities Litigation Reform Act of
1995. These include statements regarding the impact of Mr.
Konzmann on the Company. Forward-looking statements can be
identified by forward-looking language, including words such as
"believes," "expects," "anticipates," "estimates," "plans,"
"continues," "intends," "should", "may," and similar expressions.
Due to known and unknown risks, including the risk that the
assumptions on which the forward-looking statements are based prove
to be inaccurate, actual results may differ materially from
expectations or projections. These risks also include those
described in our Annual Report on Form 10-K for the year ended
December 31, 2014, as amended, which
has been filed with the Securities and Exchange Commission.
Readers of this press release are cautioned to consider these risks
and uncertainties and not to place undue reliance on any
forward-looking statements. The Company does not undertake
any obligation to update any forward-looking statement, whether
written or oral, relating to matters discussed in this press
release, except as may be required by applicable securities
laws.
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SOURCE Arlington Asset Investment Corp.