Real estate investment trust Annaly Capital Management (NLY) announced that Rose-Marie Lyght, the company’s chief portfolio officer, is resigning, effective Feb. 15.
“I am proud to have played an integral part in the growth of Annaly over the past 15 years, but now it’s time for me to spend more time with my family,” Lyght said. “Working at Annaly has been an incredible experience and I am thankful to all the wonderful people I have had the privilege to work with over the year.”
Annaly’s co-founder, chairman and chief executive officer, Wellington Denahan, called Lyght a “valuable partner” who has helped the company grow and develop.
“She has played a prominent role in helping to successfully manage the growth of our infrastructure, assets and business lines,” Denahan said. “We will miss her knowledge, judgment, thoughtfulness and devotion.”
Annaly reported a net income of nearly $355 million in the third quarter, reversing a trend that saw the company posts losses of $539 million in the first and second quarters combined.
The company’s third quarter income of $354.86 million was up significantly, compared to losses of $335.5 million in the second quarter and $203.35 million in the first quarter.
The company reported a net income of more than $1 billion in 2013.
Annaly Capital Management is also a member of the HW 30, HousingWire’s exclusive list of mortgage-related stocks. Annaly’s stock closed Monday at $10.47, down .85% for the day.