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Genworth Financial CFO Leaving Company to Join Sun Life Financial

RICHMOND, Va., Aug. 23 /PRNewswire-FirstCall/ -- Genworth Financial (NYSE: GNW) today announced that Richard P. McKenney has resigned his position as chief financial officer (CFO) to take a similar role at Sun Life Financial in Toronto, Canada.

Victor C. Moses, chief actuary and senior vice president - capital markets at Genworth, will assume the additional responsibility of acting CFO until a permanent successor is identified.

"Rick has been a valued member of the team that took Genworth public more than two years ago and has helped create tremendous shareholder value since that time -- and we wish him well in his new endeavor," said Michael D. Fraizer, Genworth's chairman and chief executive officer. "Fortunately, we are an even stronger organization today, with great performance and bench strength across our financial, capital markets and risk disciplines. We will seamlessly build on these strengths as we continue to grow our businesses and earnings."

Genworth will begin an immediate review of both internal and external candidates to fill the CFO position.

"Helping take Genworth Financial public and build its insurance operations and strong financial foundation has been an important part of my career," said McKenney. "I will miss my many friends at Genworth and wish them the best as they continue to expand a successful franchise."

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 http://www.genworth.com.

SOURCE Genworth Financial, Inc.

CONTACT: Investors: Alicia Charity, +1-804-662-2248,
Alicia.Charity@genworth.com, or Media: Phil Moeller, +1-804-662-2534,
Philip.Moeller@genworth.com, both of Genworth Financial
Web site: http://www.genworth.com