Chimera Investment Corporation announced that Matthew J. Lambiase will retire from his role as President of the Company effective December 31, 2020. Mr. Lambiase will continue to serve on the Company’s Board of Directors (the “Board”) until his retirement. Mr. Lambiase has expressed a desire to spend more time with his family and will assist the Company with a smooth transition. Upon the recommendation of its Nominating and Corporate Governance Committee (the “Governance Committee”), the Board has named Mohit Marria, who currently serves as Chief Investment Officer (“CIO”), to serve as Chief Executive Officer beginning January 1, 2021, upon Mr. Lambiase’s retirement. In addition, Mr. Marria has been elected to the Board, effective immediately, and will continue to serve as CIO. In addition, upon the recommendation of the Governance Committee, the Board has named Choudhary Yarlagadda, who currently serves as Chief Operating Officer, to serve as President in addition to his role as COO. Mr. Yarlagadda has also been elected to the Board, effective immediately.