Annaly Capital Management, Inc. announced that the Board of Directors has appointed Steven F. Campbell, the Company's Chief Operating Officer, to the additional office of President, effective immediately. As President and Chief Operating Officer, Mr. Campbell will continue to report to David Finkelstein, the Company's Chief Executive Officer and Chief Investment Officer, who previously held the role of President since March 2020. Mr. Campbell will continue to work closely with the executive team to help oversee Annaly's overall strategy, operations and risk management.

Mr. Campbell joined the Company in April 2015 and has served as Chief Operating Officer since July 2020. He has over 25 years of experience in financial services. Prior to joining Annaly, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as Managing Director in the Credit Funds business.

Mr. Campbell also worked at General Electric Capital Corporation and D.B. Zwirn & Co., L.P. Mr. Campbell received a B.B.A. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business.