MFA Financial Inc. appointed William Gorin as chief executive officer of the company, effective Jan. 1, 2014.
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 Jan. 1, 2014.
Gorin has been MFA's president since 2008 and a member of its board of directors since 2010.
In addition to his serving as MFA's CEO, Zimmerman, who helped found MFA in 1997, also served as its president from 1997 to 2008.
Following his retirement, Zimmerman will serve as a consultant to MFA through the end of 2014.
Knutson, who will succeed 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 nonagency residential mortgage-backed securities.