Genworth Financial Names Thomas J. McInerney President and Chief Executive Officer

  Genworth Financial Names Thomas J. McInerney President and Chief Executive

PR Newswire

RICHMOND, Va., Dec. 11, 2012

RICHMOND, Va., Dec. 11, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE:
GNW) today announced that its board of directors has selected Thomas J.
McInerney as the company's president and chief executive officer, effective
January 1, 2013. He also will be elected to the Genworth board of directors.
James S. Riepe will continue to serve as the company's non-executive chairman
of the board.

McInerney has a long history in financial services businesses, previously
holding senior leadership positions at both ING Groep and Aetna Financial
Services. Most recently, he served as an advisor to The Boston Consulting
Group. At ING, he was chief operating officer and a member of the Management
Board for Insurance, responsible for the worldwide insurance and investment
management businesses, encompassing some €425 billion of assets and 35,000
employees. Prior to that, he served as CEO of ING Americas, overseeing
insurance, pension, and investment management businesses in the United States,
Canada, and Latin America.

At Aetna for more than 20 years prior to ING, McInerney last served as
president of Aetna Financial Services. He was responsible for Aetna's
market-leading retirement services, life insurance and annuities, and
investment management businesses. As vice president of strategy, he was deeply
involved in the transformation of Aetna through the sale of its Property and
Casualty business and subsequent acquisition of U.S. Healthcare.

McInerney graduated with honors from Colgate University in 1978 with a BA in
Economics and received an MBA with a concentration in Finance and Investments
from the Tuck School of Business at Dartmouth in 1982. For many years, he has
been active with the American Council of Life Insurers and the Financial
Services Roundtable, serving on each association's board and CEO committee.

"We are very pleased to have someone with Tom McInerney's breadth of
experience and record of achievement step into this role at Genworth," said
Riepe. "With his extensive expertise in insurance and investment management,
exposure to the global financial services markets, and proven track record of
execution, Tom will provide strong leadership at this important time for the
company as we continue towards our goal of rebuilding value for our
shareholders and other stakeholders."

"I'm honored to join Genworth," said McInerney, "and looking forward to
working with its talented team of senior leaders and employees. It is clear
that everyone at Genworth is focused on sustaining its reputation for
delivering high quality products and service to its clients and distribution

Speaking on behalf of Genworth's board of directors, Riepe said, "We thank
Marty Klein for his achievements as our acting CEO and appreciate his
contributions since his appointment earlier this year. We look forward to
continuing to work with him as he reassumes his full-time role as Genworth's
chief financial officer. We are also grateful to Pat Kelleher and Kevin
Schneider for their leadership of our two major business units during this
transition. They have made great strides during a challenging period in
strengthening the foundations of our Life Insurance, Long Term Care Insurance
and Global Mortgage Insurance businesses. Under Marty, Pat, and Kevin's
leadership, we have made significant progress developing and executing a
strategic plan to build shareholder value."

About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance
holding company dedicated to helping people secure their financial lives,
families and futures. Genworth has leadership positions in offerings that
assist consumers in protecting themselves, investing for the future and
planning for retirement -- including life insurance, long term care insurance,
financial protection coverages, and independent advisor-based wealth
management -- and mortgage insurance that helps consumers achieve home
ownership while assisting lenders in managing their risk and capital.

Genworth has approximately 6,300 employees and operates through three
divisions: Insurance and Wealth Management, which includes U.S. Life
Insurance, Wealth Management and International Protection segments; Global
Mortgage Insurance, which includes U.S. and International Mortgage Insurance
segments; and the Corporate and Runoff division. Its products and services are
offered through financial intermediaries, advisors, independent distributors
and sales specialists. Genworth Financial, Inc., which traces its roots back
to 1871, became a public company in 2004 and is headquartered in Richmond,
Virginia. For more information, visit From time to time,
Genworth Financial, Inc. releases important information via postings on its
corporate website. Accordingly, investors and other interested parties are
encouraged to enroll to receive automatic email alerts and Really Simple
Syndication (RSS) feeds regarding new postings. Enrollment information is
found under the "Investors" section of

SOURCE Genworth Financial, Inc.

Contact: Investors, Georgette C. Nicholas, +1-804-662-2248,; Media, Al Orendorff, +1-804-662-2534,
Press spacebar to pause and continue. Press esc to stop.