James Balloun Elected Chairman of the Board of Directors of Invesco Mortgage Capital
Invesco Mortgage Capital Inc. today announces that James Balloun has been elected Chairman of the Board of Directors, effective immediately. Mr. Balloun has been a member of the Board since the initial public offering in June 2009. In addition, he is a member of the Audit and Compensation Committees and is the Chairman of the Nominating and Corporate Governance Committee.
Mr. Balloun was previously the Chairman and Chief Executive Officer of Acuity Brands, Inc. from November 2001 until his retirement in September 2004 and was the Chairman, President and Chief Executive Officer of National Services Industries, Inc. prior to National Services Industries, Inc.'s spin-off of Acuity Brands in November 2001. Prior to joining National Services Industries, Inc., Mr. Balloun was with McKinsey & Company, Inc. from 1965 to 1996. Mr. Balloun is on the board of directors of Qcept, Enzymatic Deinking Technologies, LLC, and Unisen/StarTrac. Mr. Balloun received a Bachelor of Science from Iowa State University and an MBA from the Harvard Business School.
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