Mortgage REIT appoints new independent director

Company also announces retirement of two board members

Mortgage REIT appoints new independent director

The board of directors of mortgage real estate investment trust (REIT) Arlington Asset Investment Corp. has appointed Melinda McClure to serve as their new independent director.

McClure is the current chairwoman and CEO of VisionBank in Washington DC and has over 25 years of experience in the financial services, real estate, and capital markets sectors, including particular expertise in mortgage and property REITs, asset managers, specialty lenders and regulated financial institutions.

"We are pleased to appoint Melinda to our board of directors,” said J. Rock Tonkel, Jr., president and CEO of Arlington.  “Her broad and diverse background compliments the current strengths and experience of our board of directors and she brings extensive leadership experience in the financial services, asset management and real estate industries.”

As part of Arlington’s board refreshment process, the company also announced the retirement of board members Daniel Altobello and Peter Gallagher.

"As we welcome Melinda to the board, on behalf of the company and our board of directors, I want to extend our sincere gratitude to Dan and Peter for their significant contributions to Arlington over their 18 years of service,” said Tonkel.  “We have been honored to have them as part of our leadership and we wish them well on their retirement."