RICHMOND, Va., March 22, 2013 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announces that it has elected former Senator Kent Conrad to serve as a new independent director.
Conrad, 65, served as a U.S. Senator representing North Dakota from January 1987 to January 2013. In April 2006, he was selected by Time magazine as one of "America's 10 Best Senators". At the time of his retirement from the Senate, he was chairman of the Senate Budget Committee. Before being elected to Congress, Conrad was the North Dakota tax commissioner from 1981 to 1986. He holds an A.B. degree in Political Science from Stanford University and an M.B.A. degree from George Washington University.
"Kent's extensive budgetary and public policy experience and perspectives will provide invaluable insights as Genworth continues its focus on rebuilding value for shareholders," said James S. Riepe, Genworth non-executive chairman of the board.
Conrad's election to Genworth's board of directors increases the size of the board from nine to ten directors.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.
Genworth has approximately 6,300 employees and operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection, Wealth Management and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com. From time to time, Genworth Financial, Inc. 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.
Media -- Al Orendorff (U.S.), +1-804-662-2534, Al.firstname.lastname@example.org, Website: www.genworth.com/newsroom