15:19:52 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Genworth MI Canada Inc
Symbol MIC
Shares Issued 95,002,971
Close 2014-07-28 C$ 37.39
Market Cap C$ 3,552,161,086
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Genworth Financial's Boyle resigns

2014-07-29 16:49 ET - News Release

Mr. Tom McInerney reports

GENWORTH FINANCIAL ANNOUNCES DEPARTURE OF JIM BOYLE

James R. Boyle, executive vice-president and chief executive officer of the U.S. life insurance division, is leaving Genworth Financial Inc., Genworth MI Canada Inc.'s parent company. He has accepted the position of chairman at HealthFleet Inc., a health care technology company. Tom McInerney, Genworth president and chief executive officer, will also serve as CEO of the U.S. life insurance division effective immediately.

"On behalf of the board and the employees of Genworth, I'd like to thank Jim for his thoughtful and steadfast leadership since joining the company and wish him well," said Mr. McInerney. "Under his leadership, the U.S. life insurance division made continued progress on its turnaround plan, including improving the focus on our distribution efforts and product development. The U.S. life insurance team remains focused on driving further improvement across its businesses." Mr. McInerney added: "I have been working closely with Jim and his team on developing the new Genworth LTC [long-term care] business model, as well as working with government leaders and regulators to change the regulatory framework for the LTC insurance market. Therefore, the board and I believe it makes sense for me to assume the additional role of CEO of the U.S. life division at this time."

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