Press release from Business Wire
Hatteras Financial Corp. Announces Appointment of Vicki McElreath to its Board of Directors
Wednesday, May 21, 2014
Hatteras Financial Corp. Announces Appointment of Vicki McElreath to its Board of Directors05:00 EDT Wednesday, May 21, 2014
WINSTON-SALEM, N.C. (Business Wire) -- Hatteras Financial Corp. (NYSE:HTS) (“Hatteras” or the “Company”) today announced the appointment of Vicki W. McElreath to its board of directors effective June 1, 2014, subject to re-election at the next annual meeting of the shareholders to be held in 2015. Ms. McElreath will also serve on the Company's audit committee as an independent director.
“I and all the directors are delighted to welcome Vicki to the board,” said Michael R. Hough, Hatteras' Chairman and Chief Executive Officer. “She brings significant depth of experience in risk and reporting oversight at the public company director level and will be a very valuable fifth independent member.”
Ms. McElreath has over 27 years of experience serving public companies, specializing in banking and capital markets. She served as a managing partner of PricewaterhouseCoopers LLP (“PwC”) from 1999 until her retirement in June 2006. She joined Price Waterhouse, one of the predecessor firms of PwC, in 1979 and was admitted to the partnership in 1990. Ms. McElreath has served as a director of Piedmont Natural Gas Company, Inc. (NYSE:PNY) since 2006 and as chair of its audit committee since 2008. She also has served as a director and the chair of the audit and risk committees of RBC Bank (USA), a subsidiary of The Royal Bank of Canada, since 2012. In addition, from 2006 to 20012, she served as a director of RBC Bank, Inc., where she chaired its audit committee and served on its trust and compliance committees. Ms. McElreath, a former Certified Public Accountant, holds a bachelor's degree in business administration from Georgia State University.
About Hatteras Financial Corp.
Hatteras is a real estate investment trust formed in 2007 to invest in single-family residential real estate mortgage assets. Based in Winston-Salem, N.C., Hatteras is managed and advised by Atlantic Capital Advisors LLC. Hatteras is a component of the Russell 1000® index.
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