Invesco Mortgage Capital Inc. (NYSE: IVR) recently announced several changes to its board of directors. The company's board chair, John Day, is set to retire on December 31, 2025, following his service since the company's formation in 2009. Don Liu, the current chair of the nomination and corporate governance committee, will succeed him as the chair of the board starting on November 4, 2025. Liu has been a board member since 2022 and has been instrumental in leading the board's succession planning and governance.
Additionally, Carolyn Handlon, the current chair of the audit committee, has decided not to seek re-election at the 2026 annual meeting of stockholders due to personal reasons. Robert Fleshman, one of the board's designated audit committee financial experts, will take over as the chair of the audit committee from January 1, 2026.
Furthermore, Carolyn Gibbs, an executive director, will retire from Invesco Ltd. after a nearly 33-year tenure with the company and will consequently retire from the board of Invesco Mortgage Capital Inc. effective March 31, 2026. The board intends to elect a new executive director to fill Gibbs' vacancy before her retirement.
In the words of John Anzalone, Chief Executive Officer, "We are grateful for John Day's leadership and dedication to Invesco Mortgage Capital for over 16 years." Don Liu also expressed gratitude for Carolyn Handlon's contributions and finance insights, while also acknowledging the remarkable leadership and commitment of Carolyn Gibbs during her tenure at Invesco Ltd.
In terms of financial metrics, it's important to note that the announcement primarily focuses on changes in board leadership and succession planning. For detailed financial performance metrics, investors and stakeholders may refer to the company's official communications and disclosures. Following these announcements, the company's shares moved -0.27%, and are now trading at a price of $7.29. Check out the company's full 8-K submission here.
