MFA Financial, Inc. announced that its Board of Directors has appointed William S. Gorin as chief executive officer of the company, effective January 1, 2014. Mr. Gorin, who is currently MFA's president, will succeed Stewart Zimmerman, who is retiring at the end of 2013 after having served as MFA's CEO since 1997 and Chairman of the Board since 2003. In addition, MFA's Board has appointed Craig L. Knutson as the company's president and chief operating officer, effective January 1, 2014.

Mr. Gorin has been MFA's president since 2008 and a member of its Board of Directors since 2010. From 1997 to 2008, Mr. Gorin served as an executive vice president of the company, and from 2001 to September 2010, he also served as MFA's chief financial officer. Mr. Knutson who will succeed Mr. Gorin as president of MFA and also assume the newly-created role of COO, has been an executive vice president of the company since 2008.

While at MFA he has overseen the growth and development of MFA's portfolio of Non-Agency residential mortgage-backed securities.