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Genworth Names Pat Foley President, U.S. Life Companies Distribution & Marketing

RICHMOND, Va., Feb. 4, 2011 /PRNewswire via COMTEX/ -- Genworth Financial, Inc. (NYSE: GNW) announces that it has named Pat Foley as president, U.S. Life Companies Distribution & Marketing.

Foley, 52, will be part of Genworth's U.S. Life Companies' Leadership Team and will lead the distribution and marketing strategy for life, long-term care, fixed annuities and linked benefits products.

He began his life insurance career in 1981 as a sales agent with Prudential Financial Corporation. After his 18-years at Prudential, Foley held several senior distribution, marketing and business leadership roles at Allianz Life Insurance Company of North America, including president & chief executive officer of its distribution company, Allianz Marketing, Inc. Since 2008, he has been a consultant and subject matter expert to several large private equity firms and consultancies.

Foley is a Chartered Life Underwriter and a Chartered Financial Consultant. He earned his Bachelor of Business Administration in Finance and Insurance from the University of Iowa.

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 6,500 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, International and U.S. Mortgage Insurance. 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.