Genworth Promotes Mortgage Head Schneider to Operating Chief

  • Schneider will continue to oversee the mortgage business
  • CEO McInerney says appointment helps him focus on strategy

Genworth Financial Inc., the insurer battered by losses on long-term care policies, promoted Kevin Schneider to chief operating officer as the company seeks to reverse a stock slide that led to its removal from the Standard & Poor’s 500 Index.

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