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Anthracite Capital Names New Chairman

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
NEW YORK (AP) -- Anthracite Capital Inc. said Wednesday it elected a new chairman to replace former BlackRock President Ralph L. Schlosstein, who is leaving the board of the real estate investment trust "to pursue other interests."

Anthracite is externally managed by money-management firm BlackRock. Four of Anthracite's seven directors have no affiliation with either company.

Carl F. Geuther was named chairman of Anthracite, effective immediately. He has been a director of the company since 1998 and is a former executive of mortgage banking company WMC Mortgage Corp.

Anthracite also named its chief executive, Christopher A. Milner, as a director. He has been CEO since 2004 and is a managing director of BlackRock.

Anthracite shares fell 13 cents to $7.69 in early trading.

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