Annaly Capital Management, Inc. announced that it has appointed Serena Wolfe as Chief Financial Officer effective December 9, 2019. Ms. Wolfe will also serve as a member of Annaly's Operating Committee. The company also announced that Glenn Votek, the company's Chief Financial Officer and interim Chief Executive Officer and President, has stepped down from his role as Chief Financial Officer.

Mr. Votek will continue to serve as interim Chief Executive Officer and President and as a member of the company's Board of Directors. Ms. Wolfe most recently served as a Partner at Ernst & Young (EY) since 2011 and as its Central Region Real Estate Hospitality & Construction (RHC) leader from 2017 to November 2019, managing the go-to-market efforts and client relationships across the sector. Ms. Wolfe was previously also EY's Global RHC Assurance Leader.

EY's RHC practice has the largest integrated real estate practice of any accounting organization, with more than 12,000 professionals around the world providing audit, tax, transaction, and real estate advisory services to real estate owners, investors, lenders, and users – including many REITs, homebuilders, and developers. Ms. Wolfe practiced with EY for over 20 years, including six years with EY Australia and 16 years with the U.S. practice. She spent ten years in New York with EY's Global Real Estate Center.

In 2017, Ms. Wolfe moved to the Chicago area to lead the RHC practice for EY's Central Region. Ms. Wolfe has worked in a variety of industries including real estate, manufacturing, and technology. The last 13 years have been focused solely in the real estate practice.

Her specialties include Real Estate, Financial Reporting, IFRS, U.S. GAAP, and SEC matters.