American Capital Agency Corp. announced that its board of directors elected Gary Kain, the company's President and Chief Investment Officer, to the additional position of Chief Executive Officer and that he has joined the company's Board of Directors. In addition, the board has elected director Alvin N. Puryear as the board's non-executive chair.

In their new positions, Mr. Kain and Dr. Puryear replace Malon Wilkus, who is also leaving the company's Board, effective from March 17, 2016.