RICHMOND, Va., Feb. 26 /PRNewswire-FirstCall/ -- Genworth Financial, Inc.
(NYSE: GNW) today announced that Michel Perreault and Robert P. Vrolyk will
join the company as its new chief risk officer and chief actuary,
respectively. Both will be based in Genworth's global headquarters in
As Genworth's new chief risk officer, Perreault will be responsible for
enterprise-wide risk management as well as risk oversight for the Retirement
and Protection business unit. Perreault will oversee a global risk
organization of more than 150 employees and will report directly to Genworth
Chief Executive Officer Michael D. Fraizer.
Perreault comes to Genworth from ING Group, where since 2007 he served as
its senior vice president, chief actuary and chief insurance risk officer of
the company's U.S. retail annuity business based in West Chester,
Pennsylvania. Prior to ING, Perreault was senior vice president and chief
actuary for Old Mutual U.S. Life Holdings of Baltimore, Maryland. From
1994-2001, he was senior vice president and chief actuary at Fidelity and
Guaranty Life, also in Baltimore. From 1987-1994 he served in a similar
capacity at The Holden Group in Los Angeles, California.
As Genworth's new chief actuary, Vrolyk will report to Chief Financial
Officer Pat Kelleher and lead companywide actuarial efforts and corporate
financial planning. He joins Genworth from Sun Life Financial U.S., where
since 2003 he served as vice president of Sun Life's Private Client Group. He
began his career at Sun Life's U.S. offices in 1985, serving in a variety of
capacities there including financial actuary, and vice president and chief
"It's a great pleasure to welcome Michel and Robert to our senior team,"
said Michael D. Fraizer, Genworth chief executive officer. "Maintaining deep
risk and actuarial capabilities are especially significant as Genworth manages
through this challenging environment and positions itself for the future."
Previously, risk management and actuarial functions reported to Vic Moses,
former Genworth senior vice president for Actuarial and Risk, who retired from
that position on October 1, 2008.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 global
financial security company. Genworth has more than $100 billion in assets and
employs approximately 6,000 people with a presence in more than 25 countries.
Its products and services help meet the investment, protection, retirement and
lifestyle needs of more than 15 million customers. Genworth operates through
three segments: Retirement and Protection, U.S. Mortgage Insurance and
International. Its products and services are offered through financial
intermediaries, advisors, independent distributors and sales specialists.
Genworth Financial, which traces its roots back to 1871, became a public
company in 2004 and is headquartered in Richmond, Virginia. 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
SOURCE Genworth Financial, Inc.
CONTACT: Media: Al Orendorff, +1-804-662-2534,
or Investors: Alicia
Charity, +1-804-662-2248, firstname.lastname@example.org,
both of Genworth
Web Site: http://www.Genworth.com