Dynex Capital, Inc. announced that its Board of Directors has appointed Chief Executive Officer Byron L. Boston as Chairman of the Board and current Board member Dr. Julia L. Coronado as Lead Independent Director, effective immediately. In line with Dynex?s succession plan, Mr. Boston succeeds Michael R. Hughes, who has served on the Board of Directors since November 2010 and as Chairman since March 2017. President and Chief Investment Officer Smriti L. Popenoe and Chief Financial Officer Robert S. Colligan will continue to work closely with Mr. Boston and Dr. Coronado in their new roles on the Board.

Mr. Boston has served as CEO of the Company since January 2014 and joined the Board in 2012. Both he and Dr. Coronado have extensive financial analysis and technology backgrounds and have helped lead the Company?s strategic investments in its people, processes, and technological capabilities. Dr. Coronado has served on Dynex?s Board since October 2020.

She is currently the President and Founder of MacroPolicy Perspectives, LLC, a research advisory firm with deep expertise in macroeconomics, regulatory policy, and financial and global markets that helps inform client decisions in financial services and other industries.