RICHMOND, Va., Jan. 12 /PRNewswire-FirstCall/ -- Genworth Financial, Inc.
(NYSE: GNW) announced today it has named Samuel D. Marsico senior vice
president and chief risk officer (CRO). Marsico previously was CRO of the
company's Mortgage Insurance business, where he helped support international
expansion of mortgage insurance operations.
Marsico will oversee more than 150 professionals dedicated to risk
management across Genworth. He brings more than 25 years of experience to his
new role. Prior to joining Genworth in 1997, Marsico held leadership
positions in areas including audit for Price Waterhouse and finance at the
General Electric Company. He replaces Mark W. Griffin, who became Genworth's
chief investment officer in October 2005.
"Sam possesses the exceptional skills and business acumen needed to take
our sophisticated risk management strategies to the next level," said Michael
D. Fraizer, chairman and chief executive officer of Genworth. "He will
continue building and strengthening all aspects of our risk operations to
ensure Genworth remains strong, agile and able to effectively manage
enterprise-wide risks in the face of competitive demands, regulatory
imperatives and customer needs."
About Genworth Financial
Genworth Financial, Inc. is a leading insurance holding company, serving
the lifestyle protection, retirement income, investment and mortgage insurance
needs of more than 15 million customers, with operations in 24 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.
SOURCE Genworth Financial, Inc.
CONTACT: Tom Topinka of Genworth Financial, Inc., +1-804-662-2444,