RICHMOND, Va., March 17, 2010 /PRNewswire via COMTEX/ -- Genworth Financial, Inc. (NYSE: GNW) announces that it has elected Steven W. Alesio as a new independent director. Alesio, 55, has been chairman of the board of the Dun & Bradstreet Corporation since May 2005, having served as its chief executive officer from January 2005 to December 2009.
"As Genworth continues to execute its strategy, we believe Steve's extensive experience and insights will be invaluable in helping to guide us," said Michael D. Fraizer, chairman and chief executive officer. "Genworth will benefit from his significant strategic, commercial, and international expertise as we pursue attractive new growth opportunities. We're proud and honored to add Steve to our board."
Alesio was named to D&B's board of directors in May 2002. He also served as D&B's president and chief operating officer from May 2002 to December 2004. Alesio was D&B's senior vice president of Global Marketing, Strategy Implementation, E-Business Solutions(TM) and Asia-Pacific/Latin America from January 2001 to April 2002. He announced that he will retire from Dun & Bradstreet effective June 30, 2010.
Before joining D&B, Alesio spent 19 years with American Express, serving as president and general manager of the Business Services Group and as a member of that company's Planning and Policy Committee, a position he held from January 1996 to December 2000. Alesio is also the founding sponsor and senior advisor for the non-profit, All Stars Project of New Jersey, which provides outside-of-school leadership development and performance-based education programming to thousands of inner-city young people in Newark and its surrounding communities.
Alesio received a bachelor's degree from St. Francis College, Pennsylvania, and a Master's degree in Business Administration from the University of Pennsylvania's Wharton School.
Alesio's election to Genworth's Board of Directors increases the size of the Board from eleven to twelve directors.
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.
SOURCE: Genworth Financial, Inc.