RICHMOND, Va., March 22, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial
announced that James S. Riepe, who retired at the end of 2005 as vice chairman
of T. Rowe Price Group Inc., has been elected to its board of directors.
Riepe, 62, spent 24 years with T. Rowe Price, during which its assets
under management rose twentyfold to $270 billion. He has led its marketing and
technology activities and also developed and chaired its retirement services
unit, which is a major provider to 401(k) and similar retirement programs.
Long active in investment and mutual-fund industry affairs, Riepe twice
chaired the board of the Investment Company Institute. He currently is on the
board of The Nasdaq Stock Market, Inc. and is chairman of the University of
Pennsylvania board of trustees.
"Jim is a well-known leader in the securities industry, and his extensive
knowledge of investment markets, the retirement landscape and mutual-fund
operations brings great depth to our board," said Michael D. Fraizer, chairman
and chief executive officer. "This addition furthers our strategy of seeking
independent directors with varied backgrounds who complement our core
Saiyid (Sy) T. Naqvi, chief executive officer of DeepGreen Financial, an
online home-equity lender, joined the board last December, and Nancy J. Karch,
director emeritus and retired senior partner of international consulting firm
McKinsey & Company, was elected to the Genworth board in late October. Riepe
replaces Dennis D. Dammerman, retired vice chairman and executive officer of
General Electric Company, who left the Genworth board in late December.
About Genworth Financial
Genworth is a leading insurance holding company, serving the lifestyle
protection, retirement income, investment and mortgage insurance needs of more
than 15 million customers, and has operations in 24 countries, including the
United States, Australia, Canada, Japan, Mexico, New Zealand, the United
Kingdom and 17 other European countries. For more information, visit
SOURCE Genworth Financial
Investors: Alicia Charity, +1-804-662-2248,
both of Genworth Financial