Annaly Mortgage Management Announces the Death of Spencer Browne, Director.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Annaly Mortgage Management, Inc. (NYSE NYSE See: New York Stock Exchange : NLY) today announced, with great sadness, the death of Spencer I. Browne, a member of the Board of Directors of the Company. He was 55 years old. In addition to serving on Annaly's Board of Directors since our inception in 1997, Mr. Browne had held various executive, management and board positions with several publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. engaged in businesses related to the residential and commercial mortgage loan industry. Most recently, Mr. Browne was the principal of Strategic Asset Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a privately-owned investment firm that he founded in 1996. Michael A.J. Farrell, Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Annaly, commented on the life and death of Mr. Browne. "Spencer was a valued friend and confidant, a member of the Board since our inception and a thoughtful presence in our Company. While we mourn his passing, we celebrate his life and we are grateful his painful struggle with illness is over." |
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