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Genworth Financial Announces Two Key Appointments Within Its Retirement Income & Investments Segment
RICHMOND, Va., Sept. 16 /PRNewswire-FirstCall/ -- Genworth Financial today announced two key appointments within its Retirement Income & Investments (RI&I) business to further drive its focus on the growing retirement income market. Rob Methven has been named president of the Retirement Services Group, leading all intermediary distribution, including strategic customer development, wholesaling, and wholesaling support. Concurrently, Matthew Sharpe assumes the role of chief marketing officer for RI&I, with responsibility for leading market development across all RI&I product lines and pursuing targeted growth strategies. Both will report directly to Pam Schutz, RI&I president and chief executive officer.

These appointments represent expanded roles at Genworth for these proven leaders. Methven has been with Genworth Financial since 1997. Since 2002, he has led the company's Personal Advisor Network where he grew annual revenue by 44%, successfully completed the firm-wide consolidation of broker-dealer activities, and completed the acquisition and integration of Hochman & Baker, Inc.

Sharpe has been with Genworth since 1999 and was instrumental in the development of GE Retirement Answer®, the innovative retirement income annuity launched in 2002. In recent years, Sharpe worked with Frank T. Gencarelli to lead the initial development of the firm's retirement income channel. Gencarelli is leaving the post Methven is filling to assume a new leadership role in Genworth's Protection business, where he will be senior vice president for business development. Gencarelli will report directly to George Zippel, Protection president and chief executive officer.

"We're very excited to have Rob and Matthew take on these important roles as part of our senior management team," said Schutz. "Their proven capabilities, talents and skills will enable us to continue driving our strong retirement income focus as we build our new Genworth brand in the marketplace."

Genworth Financial's Retirement Income & Investments (RI&I) segment, based in Richmond, Virginia, helps families provide for their futures and achieve a reliable stream of retirement income. RI&I offers fixed, variable and income annuities; variable life insurance; asset management; and specialized products like guaranteed investment contracts, funding agreements and structured settlements. RI&I's product suite supports distributors' financial planning models and its strong distribution network includes more than 900 financial intermediaries and 2,200 accountants and advisors.

Genworth Financial (NYSE: GNW - ) is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage needs of more than 15 million customers, with operations in 20 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit http://www.genworth.com.