RICHMOND, Va., Dec. 16, 2015 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that it has named Kevin D. Schneider chief operating officer, reporting to Tom McInerney, president and chief executive officer, effective January 1, 2016. In this role, he will be responsible for all the daily operations and operating performance of the company, including driving business improvement, growth and resourcing.
Schneider has been serving as the company's Executive Vice President—Global Mortgage Insurance (MI) since May 2015 (Executive Vice President-Genworth from May 2012 to May 2015) and has served in various senior leadership roles for the company's U.S. Mortgage Insurance business since Genworth's IPO in 2004. Prior thereto, Schneider held senior leadership positions for GE Capital primarily focused on financial and strategic performance. He received a B.S. degree in Industrial Labor Relations from Cornell University and an M.B.A. from the Kellogg Business School.
"Kevin brings significant experience to this position, including leading the U.S. Mortgage Insurance business through the financial crisis, and was instrumental in its return to profitability," said McInerney. "Further, leading Global MI, he has strengthened our MI businesses by driving greater integration and collaboration across platforms. He is a strong and effective leader and I am pleased he now will expand his influence as he assumes the responsibility for the U.S. Life Insurance businesses in addition to his existing oversight of the MI businesses. This appointment will enable me to focus on driving Genworth's overall strategy, including the continued pursuit of our strategic priorities."
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company committed to helping families become more financially secure, self-reliant and prepared for the future. Genworth has leadership positions in mortgage insurance and long term care insurance and product offerings in life insurance and fixed annuities that assist consumers in solving their home ownership, insurance and retirement needs. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.
From time to time, Genworth 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. From time to time, Genworth's publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations. This information can be found at http://genworth.ca and http://www.genworth.com.au.
SOURCE Genworth Financial, Inc.