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Genworth Announces New Australia Mortgage Insurance CFO

RICHMOND, Va., Dec. 5, 2013 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that Georgette Nicholas will become the Australia Mortgage Insurance Chief Financial Officer (CFO), commencing in February 2014.

Ms. Nicholas is currently the Genworth Financial, Inc. Investor Relations Leader, and has worked for the company for more than eight years. Prior to her current role, Ms. Nicholas held the position of CFO of Genworth's U.S. Mortgage Insurance business and was previously Global Controller for the U.S. Mortgage Insurance and International Mortgage Insurance businesses.

"We are pleased that Georgette is assuming such an important role for Genworth Australia, given her significant financial and mortgage insurance expertise, as well as her considerable experience with the investor community," said Martin P. Klein, Executive Vice President and Chief Financial Officer.  "With this move, along with the continued good performance of the business through the third quarter of this year, we remain focused on the strategic priority of a potential minority IPO of Australia, for which we expect better execution opportunities in 2014."  

Ms. Nicholas replaces Mr. Paul Fegan, who has resigned and is leaving Genworth to focus more of his time on his responsibilities with other companies as an independent director.

About Genworth FinancialGenworth 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, and financial protection coverages--and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth 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 and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, 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 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.

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