Chimera Investment (CIM) CFO to Step Down

Chimera Investment (NYSE: CIM) On June 22, 2021, Chimera Investment Corporation and Robert Colligan mutually agreed that Mr. Colligan will separate from employment with the Company, effective September 20, 2021. Mr. Colligan will step down from his position as Chief Financial Officer, effective June 22, 2021, and will assist with the transition through September 20, 2021.

In connection with Mr. Colligan’s departure, Mr. Colligan will receive the severance payments and benefits provided under his employment agreement with the Company, effective January 1, 2019, as previously filed with the Securities and Exchange Commission, for a termination without cause, subject to his execution and non-revocation of a release of claims and compliance with post-termination restrictive covenants.

Kortman Appointment

On June 22, 2021, the Company appointed the Company’s current Chief Accounting Officer, Kelley Kortman, as the Principal Accounting Officer. Mr. Kortman, age 50, has been with the Company since 2013 and has been the Company’s Chief Accounting Officer since 2015. Mr. Kortman will not receive any additional compensation in connection with his service as Principal Accounting Officer. He receives a base salary and is eligible for cash bonuses, equity awards and other benefits offered to the Company’s employees.

Viswanathan Appointment

On June 22, 2021, the Company appointed Subramaniam (“Subra”) Viswanathan, age 49, as the Company’s Chief Financial Officer, and Principal Financial Officer, to be effective as soon as practicable, but not later than September 15, 2021 (“Start Date”). The Company has entered into an employment agreement (“Employment Agreement”) with Mr. Viswanathan described below. Prior to joining the Company, Mr. Viswanathan served as the Managing Director, Chief Operating Officer – Global Mortgages and Securitized Products since 2012 and served other roles at Bank of America Merrill Lynch since 2007. Mr. Viswanathan previously served as the Senior Vice President, Business Area Controller – Cash and Synthetic CDOs, Securitization and Correlation Desks at Citigroup, Corporate and Investment Banking. Mr. Viswanathan earned his degree in economics from the University of Madras in Chennai, India and his MBA from University of Hartford.

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