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New York & Tri-State  + New York  + Finance  |  November 22, 2019
Fox Corporation and News Corp have extended their office leases at Ivanhoé Cambridge's 1211 Ave. of the Americas through 2042
Paul Bubny
By: Paul Bubny

Keyes Steps Down as Annaly CEO; Search Committee Formed

Kevin Keyes has stepped down as chairman, CEO and president of Annaly Capital Management, while also giving up his seat on the company’s board. New York-based Annaly said its board and Keyes have mutually agreed that his departure will be effective immediately.

The mortgage REIT’s board, which has formed a search committee, named Glenn Votek to serve as CEO and president on an interim basis. Votek has been elected to the board and will also continue to serve as CFO. The board has separated the roles of CEO and chairman.

Keyes, who served as Annaly’s CEO since 2015, is retiring from the company’s external manager, Annaly Management Company LLC and its affiliates. He’ll be available for consultation to ensure a smooth transition.

“It has been a pleasure being a part of the Annaly team, and I depart knowing that the Company is well positioned for the future,” Keyes said.

Pictured: Annaly headquarters in Midtown Manhattan.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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