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Genworth Announces Election of New Independent Board Members

RICHMOND, Va., Oct. 14 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) announces it has elected Christine B. Mead and Thomas E. Moloney as new independent directors, increasing the size of its Board from nine to eleven directors.

Mead was the executive vice president and chief financial officer of Safeco Corporation and the co-president of the Safeco insurance companies prior to her retirement on December 31, 2005. Before joining Safeco in 2002, Mead served in various roles at Travelers Insurance Companies from 1989 to 2001, including senior vice president and chief financial officer, chief accounting officer and controller. Mead also served with Price Waterhouse LLP from 1980 to 1989, and with Deloitte Haskins & Sells in the United Kingdom from 1976 to 1980. She received a Bachelor of Science degree in Accounting from University College Cardiff, United Kingdom.

Moloney was the senior executive vice president and chief financial officer of John Hancock Financial Services, Inc. prior to his retirement on December 1, 2004. Moloney also served as the interim chief financial officer of MSC - Medical Services Company from December 31, 2007 to March 31, 2008. Moloney served in various roles at John Hancock Financial Services, Inc. during his tenure from 1965 to 2004, including chief financial officer, controller, and senior accountant. Moloney received a Bachelor of Arts in Accounting from Bentley College in Waltham, Massachusetts.

"Christine Mead and Tom Moloney are well-known leaders in the financial services industry," said Michael D. Fraizer, chairman and chief executive officer. "We're proud and honored to add Christine and Tom to our board."

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 Genworth.com.

Website: www.genworth.com/presscenter

SOURCE Genworth Financial

Al Orendorff of Genworth Financial (U.S.), +1-804-662-2534, Al.orendorff@genworth.com