{"id":383465,"date":"2020-11-17T16:33:27","date_gmt":"2020-11-17T21:33:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383465"},"modified":"2020-11-17T16:33:27","modified_gmt":"2020-11-17T21:33:27","slug":"matthew-j-lambiase-to-retire-as-chief-executive-officer-of-chimera","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/matthew-j-lambiase-to-retire-as-chief-executive-officer-of-chimera\/","title":{"rendered":"Matthew J. Lambiase to Retire as Chief Executive Officer of Chimera"},"content":{"rendered":"

<\/p>\n

Matthew J. Lambiase to Retire as Chief Executive Officer of Chimera<\/b><\/p>\n

Mohit Marria to be Named Chief Executive Officer; Choudhary Yarlagadda to be Named President; Both Elected to Board of Directors<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nChimera Investment Corporation (NYSE:CIM) (\u201cChimera<\/span>\u201d or the \u201cCompany<\/span>\u201d) announced today that Matthew J. Lambiase will retire from his roles as President and Chief Executive Officer of the Company effective December 31, 2020. Mr. Lambiase will continue to serve on the Company\u2019s Board of Directors (the \u201cBoard<\/span>\u201d) until his retirement. Mr. Lambiase has expressed a desire to spend more time with his family and will assist the Company with a smooth transition.\n<\/p>\n

\nMr. Lambiase stated, \u201cIt has been my pleasure to lead Chimera for the last 13 years. I retire knowing the Company is in good hands and has a bright future ahead.\u201d\n<\/p>\n

\nUpon the recommendation of its Nominating and Corporate Governance Committee (the \u201cGovernance Committee<\/span>\u201d), the Board has named Mohit Marria, who currently serves as Chief Investment Officer (\u201cCIO<\/span>\u201d), to serve as Chief Executive Officer beginning January 1, 2021, upon Mr. Lambiase\u2019s retirement. In addition, Mr. Marria has been elected to the Board, effective immediately, and will continue to serve as CIO. In addition, upon the recommendation of the Governance Committee, the Board has named Choudhary Yarlagadda, who currently serves as Chief Operating Officer (\u201cCOO<\/span>\u201d), to serve as President in addition to his role as COO. Mr. Yarlagadda has also been elected to the Board, effective immediately.\n<\/p>\n

\nPaul Donlin, Chairman of the Board, stated, \u201cWe cannot thank Matt enough for the work he\u2019s done for us. At the same time, Mo has been a proven leader in his previous roles with the Company, particularly during the turmoil created by the COVID-19 pandemic. We are excited for the direction Mo will take us. We are also excited for Choudhary\u2019s continued leadership and expertise, and he continues to be an integral member of the Chimera team.\u201d\n<\/p>\n

\nMr. Marria stated, \u201cI\u2019m thankful for the opportunity to lead the Company, and excited for what we can achieve together. I look forward to working with the rest of the management team and the Board to seek value for our shareholders.\u201d\n<\/p>\n

\nMr. Yarlagadda stated, \u201cI am excited for the future of the Company, and look forward to working with Mo and others as we enter this next chapter of Chimera\u2019s history.\u201d\n<\/p>\n

\nThis press release includes \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, particularly as related to expectations of the Company\u2019s future performance. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption \u201cRisk Factors.\u201d\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201117006184\/en\/<\/a><\/span><\/p>\n

\nInvestor Relations
\n
888-895-6557
\n
www.chimerareit.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Finance Professional Services Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Matthew J. Lambiase to Retire as Chief Executive Officer of Chimera Mohit Marria to be Named Chief Executive Officer; Choudhary Yarlagadda to be Named President; Both Elected to Board of Directors NEW YORK–(BUSINESS WIRE)– Chimera Investment Corporation (NYSE:CIM) (\u201cChimera\u201d or the \u201cCompany\u201d) announced today that Matthew J. Lambiase will retire from his roles as President and Chief Executive Officer of the Company effective December 31, 2020. Mr. Lambiase will continue to serve on the Company\u2019s Board of Directors (the \u201cBoard\u201d) until his retirement. Mr. Lambiase has expressed a desire to spend more time with his family and will assist the Company with a smooth transition. Mr. Lambiase stated, \u201cIt has been my pleasure to lead Chimera for the last 13 … <\/p>\n

Continue reading “Matthew J. Lambiase to Retire as Chief Executive Officer of Chimera”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383465","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMatthew J. Lambiase to Retire as Chief Executive Officer of Chimera - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/matthew-j-lambiase-to-retire-as-chief-executive-officer-of-chimera\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Matthew J. 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