Genworth Announces Election of New Independent Board Member
RICHMOND, Va., March 22, 2013
RICHMOND, Va., March 22, 2013 /PRNewswire/ --Genworth Financial, Inc. (NYSE:
GNW) announces that it has elected former Senator Kent Conrad to serve as a
new independent director.
Conrad, 65, served as a U.S. Senator representing North Dakota from January
1987 to January 2013. In April 2006, he was selected by Time magazine as one
of "America's 10 Best Senators". At the time of his retirement from the
Senate, he was chairman of the Senate Budget Committee. Before being elected
to Congress, Conrad was the North Dakota tax commissioner from 1981 to 1986.
He holds an A.B. degree in Political Science from Stanford University and an
M.B.A. degree from George Washington University.
"Kent's extensive budgetary and public policy experience and perspectives will
provide invaluable insights as Genworth continues its focus on rebuilding
value for shareholders," said James S. Riepe, Genworth non-executive chairman
of the board.
Conrad's election to Genworth's board of directors increases the size of the
board from nine to ten directors.
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: U.S. Life Insurance, which includes life insurance, long term care
insurance and fixed annuities; Global Mortgage Insurance, containing U.S.
Mortgage Insurance and International Mortgage Insurance segments; and the
Corporate and Other division, which includes the International Protection,
Wealth Management and Runoff segments. Products and services are offered
through financial intermediaries, advisors, independent distributors and sales
specialists. Genworth Financial, Inc., headquartered in Richmond, Virginia,
traces its roots back to 1871 and became a public company in 2004. For more
information, visit genworth.com. 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 genworth.com.
SOURCE Genworth Financial, Inc.
Contact: Media -- Al Orendorff (U.S.), +1-804-662-2534,
Al.email@example.com, Website: www.genworth.com/newsroom
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