On October 30, 2014, the Board of Directors of Western Asset Mortgage Capital Corporation elected Ranjit M. Kripalani as a director, effective November 10, 2014.
Mr. Kripalani, age 55, is a longtime executive in the financial industry with significant experience in the trading of mortgages and mortgage backed securities.
Most recently, from 2009 to 2013, Mr. Kripalani served as the chief executive officer of CRT, LLC. Also on October 30, 2014, the Board elected M. Christian Mitchell as Lead Independent Director. Mr. Mitchell, who also serves as the Chairman of the Company's Audit Committee, has been a director for the Company since its initial public offering in May 2012.