Kurt R. Harrington, age 62, has informed the Board of Directors of Arlington Asset Investment Corp. that he intends to retire, after serving as the company's Chief Financial Officer for the last 15 years. Following a search for a new chief financial officer, Richard E. Konzmann has been chosen to succeed Mr. Harrington.

On March 10, 2015, the Board appointed Mr. Konzmann as Executive Vice President, Chief Financial Officer and Treasurer of the company, effective March 23, 2015. To assist with the transition, Mr. Harrington will remain an employee of the company until April 30, 2015. Since 2002, Mr. Konzmann has been employed by American Capital Ltd. In 2006, Mr. Konzmann became Senior Vice President, Accounting of American Capital Ltd. where he was responsible for all accounting, external and internal financial reporting, loan servicing, investment accounting and tax compliance for the alternative asset management company and its funds under management including publicly traded mortgage real estate investment trusts and American Capital Mortgage Investment Corp.

Prior to joining American Capital Ltd., Mr. Konzmann was a Vice President and Controller at Crestline Capital Corporation served in various accounting, finance and asset management roles with Host Marriott Corporation and began his career with the public accounting firm Deloitte and Touche LLP.