Arlington Asset Investment Corp has appointed Richard E Konzmann as the Company's Executive Vice President, Chief Financial Officer (CFO) and Treasurer, with immediate effect.
Konzmann succeeds Kurt R Harrington who is retiring after serving as the Company's CFO for the last fifteen years. To assist with the transition, Harrington will remain an employee of the Company until 30 April, 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," says J Rock Tonkel, Jr, the Company's President and Chief Executive Officer. "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."
Harrington says: "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 honoured to join the executive team at Arlington," says 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."