Business
AGNC Investment Corp. Elects John Fisk and Frances Spark to its Board of Directors
BETHESDA, Md., Sept. 11, 2019 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has
About this update from Agnc Investment Corp.
[{"type":"text","content":"BETHESDA, Md., Sept. 11, 2019 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) (\"AGNC\" or the \"Company\") announced today that its Board of Directors has elected John D. Fisk and Frances R. Spark as members of the Board effective immediately. Mr. Fisk will serve as an independent director on the Compensation and Corporate Governance Committee, and Ms. Spark will serve as an independent director on the Audit Committee. AGNC's Board of Directors now consists of seven members, including six independent directors.\n\"My fellow directors and I are delighted to welcome John and Frances to AGNC's Board of Directors,\" said Prue Larocca, Chair of AGNC's Board. \"Their highly specialized and unique industry expertise complements and strengthens our Board's collective skillset and domain expertise, and we expect that they will play an integral role in guiding AGNC in the years ahead.\" \n\"As proven leaders, John and Frances together bring a wealth of valuable experience, strong leadership and exceptional knowledge of the mortgage and financial markets,\" added Gary Kain, AGNC's Chief Executive Officer and Chief Investment Officer. \"Our executive leadership team looks forward to collaborating with them to continue to deliver strong returns for our shareholders.\" \nMr. Fisk retired in March 2019 as the Chief Executive Officer of the FHLBanks Office of Finance, a division of the Federal Home Loan Banks that issues and services all debt securities for the regional Federal Home Loan Banks, supporting borrowings of $1 trillion. Mr. Fisk had previously served as the Deputy Managing Director and Chief Operating Officer of the FHLBanks Office of Finance from 2004 until 2007 when he became the Chief Executive Officer. Prior to joining the FHLBanks Office of Finance, Mr. Fisk was the Executive Vice President of Strategic Planning at MGIC Investment Corporation, one of the nation's largest providers of mortgage insurance, from 2002 until 2004. Mr. Fisk holds an MBA in Finance and Public Management from The Wharton School at the University of Pennsylvania and a BA from Yale University.\nMs. Spark is an experienced finance professional with broad expertise in mortgage finance and financial reporting for publicly-traded companies, including mortgage REITs. Ms. Spark served as the Chief Financial Officer and Treasurer for CYS Investments, Inc.,...