This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brian Hurley Announces His Decision To Transition From Chairman And Chief Executive Officer To Executive Chairman On January 1, 2015

Stuart Levings appointed as Successor

TORONTO, Aug. 28, 2014 /CNW/ - Genworth MI Canada Inc's. ("Genworth Canada") (TSX: MIC) Chairman and Chief Executive Officer, Brian Hurley, 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 Stuart Levings, 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 July 2009. 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, Stuart Levings, being named successor and looks forward to continuing to work with him as he takes on the CEO role," said Sidney Horn, 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs