RICHMOND, Va., May 12, 2010 /PRNewswire via COMTEX/ --Genworth Financial, Inc. (NYSE: GNW) announced the re-election of all nine directors standing for re-election at its 2010 annual meeting of stockholders today, including Michael D. Fraizer, chairman and chief executive officer.
Board members re-elected, in addition to Fraizer, included Steven W. Alesio, Chairman of the Board of The Dun & Bradstreet Corporation; Nancy J. Karch, former Senior Partner of McKinsey & Company; J. Robert "Bob" Kerrey, President of The New School University and former United States Senator; Risa J. Lavizzo-Mourey, President and Chief Executive Officer of the Robert Wood Johnson Foundation; Christine B. Mead, former Executive Vice President and Chief Financial Officer of Safeco Corporation; Thomas E. Moloney, former Senior Executive Vice President and Chief Financial Officer of John Hancock Financial Services, Inc.; James A. Parke, former Vice Chairman and Chief Financial Officer of GE Capital Services and James S. Reipe, former Vice Chairman of T. Rowe Price Group, Inc.
"Genworth would like to recognize three directors who are leaving our Board of Directors -- Frank Borelli, Tom Wheeler and Barrett Toan," said Fraizer. "Mr. Borelli and Mr. Wheeler have been with our board since our initial public offering in 2004, while Mr. Toan joined the board in 2006. Their strategic leadership has been an important component of our growth and evolution."
Stockholders also re-approved the material terms of performance goals for qualified performance-based awards under the 2004 Genworth Financial, Inc. Omnibus Incentive Plan and ratified the selection of KPMG LLP as the company's independent auditor for 2010.
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