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
“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.
Hatteras Financial Corp.
Kenneth A. Steele, Chief Financial Officer
Mark Collinson, Partner
Source: Hatteras Financial Corp.