Stuart Levings appointed as Successor
Aug. 28, 2014
/CNW/ - Genworth MI Canada Inc's. ("Genworth Canada") (TSX: MIC) Chairman and Chief Executive Officer,
, announced that after five years in his current roles he will transition to the newly created role of Executive Chairman effective
January 1, 2015
Concurrently, the Board of Directors today announced that
, Chief Operating Officer of Genworth Canada will succeed Mr. Hurley and take on the role of President and Chief Executive Officer effective
January 1, 2015
. To assist with the transition, Mr. Hurley will work with Mr. Levings on corporate strategy, overall business performance, board relations and leadership succession. Genworth Canada will continue to have a Lead Director on the board to provide leadership to the board of directors.
"Brian has had an outstanding career at Genworth Canada since its IPO in
. He led the organization through a challenging period during which the Company increased its focus on risk management while maintaining strong customer relationships that drove growth in the business. The Board is very pleased that its succession planning process has resulted in an exceptional internal candidate,
, being named successor and looks forward to continuing to work with him as he takes on the CEO role," said
, Lead Director.
"I am confident that Stuart's outstanding leadership, financial experience and risk management background will drive the success of Genworth Canada in the future. That, combined with a long tenured and best-in-class executive team, leaves no doubt that the management of the company is in very strong hands. I look forward to working with the leadership team in my new role as Executive Chairman to ensure there is a seamless transition in Genworth Canada's management," noted Mr. Hurley.