Genworth Financial Elects Steven Van Wyk to Board of Directors

Genworth Financial has elected Steven C. Van Wyk to its Board of Directors as an independent director, effective immediately. His extensive experience in technology and business transformation is expected to bolster the Board’s capabilities. He will stand for election again at the 2025 Annual Meeting of Stockholders. Genworth aims to empower families in managing aging with confidence while expanding their innovative service offerings.

Genworth Financial, Inc. (NYSE: GNW) has recently announced the election of Steven C. Van Wyk to its Board of Directors as an independent member. This change is effective immediately, increasing the board size to ten members. Mr. Van Wyk will be included in the election at Genworth’s Annual Meeting of Stockholders on May 22, 2025.

Melina Higgins, the non-executive Chair of Genworth’s Board, expressed that Mr. Van Wyk’s extensive background in technology, business transformation, and executive leadership will significantly enhance the board’s capability to deliver shareholder value. Tom McInerney, the President and CEO of Genworth, emphasized that Mr. Van Wyk’s technical knowledge will be invaluable as the company advances its initiatives involving AI and digital technologies, aimed at enhancing customer service and supporting families during their aging journey.

Mr. Van Wyk holds a robust track record in information technology leadership within the banking and insurance sectors. His prior roles include serving as the Group Chief Information Officer (CIO) for HSBC Bank PLC and, before that, CIO for organizations such as PNC Bank, ING Bank, and Morgan Stanley. His expertise is expected to provide critical insights into Genworth’s strategic and operational oversight.

Headquartered in Richmond, Virginia, Genworth Financial aims to empower families to confidently manage the aging process. The company, along with its CareScout services, offers essential guidance and products to assist individuals in understanding their caregiving options and financing long-term care. Genworth is also the parent company of Enact Holdings, Inc. (Nasdaq: ACT), a leading provider of mortgage insurance in the United States.

This announcement includes caution regarding forward-looking statements as outlined under the Private Securities Litigation Reform Act of 1995. The company advises that actual results may vary due to several uncertainties and risks that can affect future business performance.

In summary, Genworth Financial has appointed Steven C. Van Wyk to its Board of Directors, enhancing the Board’s expertise in technology and business transformation. His vast background in the banking and insurance sectors positions him to effectively contribute to Genworth’s strategic endeavors. As the company continues to develop services that assist families in navigating the aging journey, Mr. Van Wyk’s insight will be integral to their mission.

Original Source: www.businesswire.com