Invesco Mortgage Capital Inc. (NYSE: IVR) announced that President Kevin Collins will become Chief Executive Officer effective May 1, 2026. Collins will succeed John Anzalone, who is retiring April 30 after nine years as CEO.

Collins has worked with the company since its formation in 2009 and has served as President since 2017. He is also Co-Head of Structured Investments for Invesco Fixed Income. Anzalone will remain in an advisory role through October 1 to assist with the transition.

David Lyle will assume the role of President, also effective May 1. Lyle has served as Chief Operating Officer since 2017 and has been involved in company management since 2009. He is also Co-Head of Structured Investments for Invesco Fixed Income with over 20 years of experience in securitized markets.

"John successfully guided Invesco Mortgage Capital through multiple market cycles and our transition to an agency-focused strategy," Collins said in a statement. "David and I look forward to continuing this momentum, alongside Brian Norris, our Chief Investment Officer and Mark Gregson, our Chief Financial Officer."

The company has recently changed from quarterly to monthly dividend distributions to better meet income investors' cash-flow needs and provide more frequent portfolio updates.

"Their deep understanding of the mortgage REIT industry and extensive investment expertise, together with longstanding relationships with key counterparties and investors, uniquely qualify them to provide strategic leadership," said Don Liu, Chair of the Invesco Mortgage Capital Board of Directors.

Invesco Mortgage Capital is a real estate investment trust that focuses on investing in mortgage-backed securities and other mortgage-related assets. The company is managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd.