Genworth Financial Announces Election of Elaine Sarsynski to Board of Directors
March 23 2022 - 6:30PM
Business Wire
Genworth Financial, Inc. (NYSE: GNW) today announced the
election of a new independent director to its Board of Directors:
Elaine Sarsynski, former Chairwoman, Chief Executive Officer and
President of Mass Mutual International. She will stand for election
with the other Directors at Genworth’s 2022 Annual Meeting of
Stockholders.
Additionally, the company announced that current board member
Debra Perry intends to retire from service on the Board of
Directors following the completion of her current term in May 2022.
She will not stand for re-election.
“I am very pleased that Elaine is joining the Genworth Board
given her extensive experience in the global insurance and
financial service industries. I am confident that her contributions
will support the company’s continued progress to improve
stockholder value,” said Melina Higgins, non-executive Chair of the
Genworth Board. “I am grateful to Debra for her service to Genworth
and its stockholders over the past six years. Debra served during
an especially critical time for Genworth, and her guidance as Risk
Committee chair, as well as her broad financial and risk expertise,
were invaluable to our success in navigating that period.”
“I’m proud of the progress we’ve made in the past several years
in bringing a diverse and outstanding group of Directors to
Genworth’s Board. Their guidance through a pivotal period for our
company has enabled Genworth to significantly strengthen our
financial condition and be well-positioned for future growth,” said
Tom McInerney, Genworth President and CEO. “Debra’s counsel played
an integral part in our success over this period, and I’m thankful
for her strong commitment and financial expertise. I am confident
that Elaine will continue that legacy as she brings her own set of
knowledge and experiences to Genworth.”
Ms. Sarsynski’s extensive experience as a business leader in the
insurance industry, 15 years of governance experience as a Director
for both public and private companies, and strong risk and
financial knowledge will provide the Board with significant
additional insight as it oversees Genworth's strategy and
operations. Prior to her retirement in 2017, Ms. Sarsynksi
spent 12 years with MassMutual, most recently serving as
Chairwoman, Chief Executive Officer and President of Mass Mutual
International. Earlier in her career, she also held multiple senior
management positions over 17 years at Aetna, overseeing segments of
the company’s Investments Division and leading the Corporate
Finance Department.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 provider
of products, services and solutions that help families address the
financial challenges of aging. Headquartered in Richmond, Virginia,
we apply our nearly 150 years of experience each day to helping
people navigate caregiving options and fund their long term care
needs. Genworth is also the parent company of publicly traded Enact
Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance
provider. For more information on Genworth, please visit
https://www.genworth.com/. From time to time Enact separately
releases financial and other information about its operations. This
information can be found at https://ir.enactmi.com/
Important Additional Information and
Where to Find It
Genworth Financial, Inc. (the “Company”) intends to file a proxy
statement on Schedule 14A, an accompanying WHITE proxy card and
other relevant documents with the U.S. Securities and Exchange
Commission (the “SEC”) in connection with the solicitation of
proxies from the Company’s stockholders for the Company’s 2022
annual meeting of stockholders. STOCKHOLDERS OF THE COMPANY ARE
STRONGLY ENCOURAGED TO READ THE COMPANY’S DEFINITIVE PROXY
STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ALL
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Investors and stockholders may obtain a copy of
the definitive proxy statement, an accompanying WHITE proxy card,
any amendments or supplements to the definitive proxy statement and
other documents filed by the Company with the SEC at no charge at
the SEC’s website at www.sec.gov. Copies will also be available at
no charge on our website at
https://genworth2014.q4web.com/investors/Financials--Reports/sec-filings/default.aspx,
or by contacting investorinfo@genworth.com as soon as reasonably
practicable after such materials are electronically filed with, or
furnished to, the SEC.
Certain Information Regarding
Participants to the Solicitation
The Company, its directors and certain of its executive officers
are participants in the solicitation of proxies from the Company’s
stockholders in connection with matters to be considered at the
Company’s 2022 annual meeting of stockholders. Information
regarding the direct and indirect interests in the Company, by
security holdings or otherwise, of the Company’s directors and
executive officers is included in the Company’s Proxy Statement on
Schedule 14A for its 2021 annual meeting of stockholders, filed
with the SEC on April 1, 2021, the Company’s Annual Report on Form
10-K for the year ended December 31, 2021, filed with the SEC on
February 28, 2022, and in the Company’s Current Reports on Form 8-K
filed with the SEC from time to time. Changes to the direct or
indirect interests of the Company’s directors and executive
officers are set forth in SEC filings on Initial Statements of
Beneficial Ownership on Form 3 or Statements of Change in Ownership
on Form 4. These documents are available free of charge as
described above. Updated information regarding the identities of
potential participants and their direct or indirect interests, by
security holdings or otherwise, in the Company will be set forth in
the Company’s Proxy Statement for its 2022 annual meeting of
stockholders and other relevant documents to be filed with the SEC,
if and when they become available.
Cautionary Note Regarding Forward-Looking Statements
This communication contains certain "forward-looking statements"
within the meaning of the federal securities laws, including
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements may be identified by words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," "will" or words of similar meaning and include, but
are not limited to, statements regarding the outlook for future
business and financial performance of Genworth Financial, Inc.
(Genworth) and its consolidated subsidiaries. Forward-looking
statements are based on management's current expectations and
assumptions, which are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. Actual
outcomes and results may differ materially due to global political,
economic, business, competitive, market, regulatory and other
factors and risks, as well as risks discussed in the risk factor
section of Genworth's Annual Report on Form 10-K, filed with the
United States Securities and Exchange Commission (SEC) on February
28, 2022. Genworth undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220323005846/en/
Investors: Sarah Crews investorinfo@genworth.com
Media: Amy Rein Amy.rein@genworth.com
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