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Genworth Financial Announces Election of Steven Van Wyk to Board of Directors

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Genworth Financial (NYSE: GNW) has announced the appointment of Steven C. Van Wyk to its Board of Directors as an independent director, effective immediately. Van Wyk, the former Group Chief Information Officer of HSBC Bank PLC, brings extensive technology and business transformation expertise to the board, which now comprises 10 members.

Van Wyk will stand for election with other Directors at Genworth's 2025 Annual Meeting of Stockholders on May 22, 2025. His background includes CIO positions at major financial institutions including HSBC, PNC Bank, ING Bank, ING Insurance, and Morgan Stanley, along with experience in finance, audit, and consulting roles.

The appointment aligns with Genworth's focus on implementing new AI and digital technologies while enhancing customer service. Board Chair Melina Higgins highlighted Van Wyk's potential contribution to shareholder value, while CEO Tom McInerney emphasized his technical expertise's importance in helping families navigate aging-related challenges.

Genworth Financial (NYSE: GNW) ha annunciato la nomina di Steven C. Van Wyk al suo Consiglio di Amministrazione come direttore indipendente, con effetto immediato. Van Wyk, ex Chief Information Officer del Gruppo di HSBC Bank PLC, porta al consiglio una vasta esperienza in tecnologia e trasformazione aziendale, che ora comprende 10 membri.

Van Wyk si presenterà per l'elezione insieme ad altri Direttori all'Assemblea Annuale degli Azionisti di Genworth del 22 maggio 2025. Il suo background include posizioni di CIO in importanti istituzioni finanziarie come HSBC, PNC Bank, ING Bank, ING Insurance e Morgan Stanley, oltre a esperienze in ruoli di finanza, audit e consulenza.

La nomina è in linea con l'obiettivo di Genworth di implementare nuove tecnologie AI e digitali, migliorando al contempo il servizio clienti. La Presidente del Consiglio Melina Higgins ha sottolineato il potenziale contributo di Van Wyk al valore per gli azionisti, mentre il CEO Tom McInerney ha evidenziato l'importanza della sua competenza tecnica nell'aiutare le famiglie ad affrontare le sfide legate all'invecchiamento.

Genworth Financial (NYSE: GNW) ha anunciado el nombramiento de Steven C. Van Wyk a su Junta Directiva como director independiente, con efecto inmediato. Van Wyk, ex Director de Información del Grupo de HSBC Bank PLC, aporta una amplia experiencia en tecnología y transformación empresarial a la junta, que ahora está compuesta por 10 miembros.

Van Wyk se presentará a la elección junto a otros Directores en la Junta Anual de Accionistas de Genworth el 22 de mayo de 2025. Su experiencia incluye posiciones de CIO en importantes instituciones financieras como HSBC, PNC Bank, ING Bank, ING Insurance y Morgan Stanley, además de experiencia en finanzas, auditoría y consultoría.

El nombramiento se alinea con el enfoque de Genworth en implementar nuevas tecnologías de IA y digitales, mientras mejora el servicio al cliente. La Presidenta de la Junta, Melina Higgins, destacó la posible contribución de Van Wyk al valor para los accionistas, mientras que el CEO Tom McInerney enfatizó la importancia de su experiencia técnica para ayudar a las familias a enfrentar los desafíos relacionados con el envejecimiento.

Genworth Financial (NYSE: GNW)Steven C. Van Wyk를 독립 이사로 이사회에 임명했다고 즉각적인 효력을 발효한다고 발표했습니다. Van Wyk는 HSBC Bank PLC의 전 그룹 최고 정보 책임자로서 이사회에 광범위한 기술 및 비즈니스 변혁 전문성을 제공합니다. 이사회는 현재 10명의 회원으로 구성되어 있습니다.

Van Wyk는 2025년 5월 22일 Genworth의 주주 연례 회의에서 다른 이사들과 함께 선거에 나설 것입니다. 그의 경력은 HSBC, PNC Bank, ING Bank, ING Insurance 및 Morgan Stanley와 같은 주요 금융 기관에서 CIO 직책을 포함하며, 재무, 감사 및 컨설팅 역할에서의 경험도 있습니다.

이번 임명은 Genworth의 새로운 AI 및 디지털 기술을 구현하면서 고객 서비스를 향상시키려는 목표와 일치합니다. 이사회 의장 Melina Higgins는 Van Wyk의 주주 가치를 향상시킬 수 있는 잠재적 기여를 강조했으며, CEO Tom McInerney는 노화 관련 문제를 해결하는 데 있어 그의 기술 전문성이 얼마나 중요한지를 강조했습니다.

Genworth Financial (NYSE: GNW) a annoncé la nomination de Steven C. Van Wyk en tant que directeur indépendant au sein de son Conseil d'Administration, avec effet immédiat. Van Wyk, ancien Directeur Général des Systèmes d'Information du Groupe HSBC Bank PLC, apporte une vaste expertise en technologie et transformation des affaires au conseil, qui compte désormais 10 membres.

Van Wyk se présentera aux élections avec d'autres Directeurs lors de l'Assemblée Générale Annuelle des Actionnaires de Genworth le 22 mai 2025. Son parcours comprend des postes de CIO dans de grandes institutions financières telles que HSBC, PNC Bank, ING Bank, ING Insurance et Morgan Stanley, ainsi que des expériences dans des rôles de finance, d'audit et de conseil.

Cette nomination s'inscrit dans l'objectif de Genworth d'implémenter de nouvelles technologies d'IA et numériques tout en améliorant le service client. La Présidente du Conseil, Melina Higgins, a souligné la contribution potentielle de Van Wyk à la valeur pour les actionnaires, tandis que le PDG Tom McInerney a souligné l'importance de son expertise technique pour aider les familles à faire face aux défis liés au vieillissement.

Genworth Financial (NYSE: GNW) hat die Ernennung von Steven C. Van Wyk als unabhängigen Direktor in seinen Vorstand bekannt gegeben, mit sofortiger Wirkung. Van Wyk, der ehemalige Chief Information Officer der HSBC Bank PLC, bringt umfangreiche Technologie- und Geschäftstransformationserfahrung in den Vorstand, der nun aus 10 Mitgliedern besteht.

Van Wyk wird sich zusammen mit anderen Direktoren bei der jährlichen Hauptversammlung der Aktionäre von Genworth am 22. Mai 2025 zur Wahl stellen. Sein Hintergrund umfasst CIO-Positionen bei großen Finanzinstituten wie HSBC, PNC Bank, ING Bank, ING Insurance und Morgan Stanley sowie Erfahrungen in den Bereichen Finanzen, Audit und Beratung.

Die Ernennung steht im Einklang mit Genworths Fokus auf die Implementierung neuer KI- und digitaler Technologien, während gleichzeitig der Kundenservice verbessert wird. Die Vorsitzende des Vorstands, Melina Higgins, hob Van Wyks potenziellen Beitrag zum Aktionärswert hervor, während CEO Tom McInerney die Bedeutung seiner technischen Expertise betonte, um Familien bei der Bewältigung altersbedingter Herausforderungen zu unterstützen.

Positive
  • Addition of experienced technology executive with extensive financial sector expertise
  • Strategic alignment with company's AI and digital transformation goals
  • Strengthened board oversight in technology implementation and transformation
Negative
  • None.

RICHMOND, Va.--(BUSINESS WIRE)-- Genworth Financial, Inc. (NYSE: GNW) today announced the election of a new independent director to its Board of Directors: Steven C. Van Wyk, former Group Chief Information Officer (CIO) for HSBC Bank PLC. Mr. Van Wyk’s election as an independent director is effective immediately and increases the number of members on the Genworth Board of Directors to 10. He will stand for election with the other Directors at Genworth’s 2025 Annual Meeting of Stockholders, scheduled for May 22, 2025.

“Steve brings deep technology, business transformation, and executive leadership expertise to the Genworth Board,” said Melina Higgins, non-executive Chair of the Genworth Board. “His perspective will be a strong addition to our continued efforts to return value to our shareholders.”

“As we work to provide best-in-class service to our existing customers, implement new AI and digital technologies, and help more families navigate the aging journey with confidence for years to come, Steve’s technical expertise will be a tremendous asset in helping us do this important work efficiently and effectively,” said Tom McInerney, Genworth President and CEO.

Mr. Van Wyk’s extensive experience as an information technology leader in the banking and insurance industries, proven success in large-scale technology transformations, and strong business and financial knowledge will provide the Board with significant additional insight as it oversees Genworth's strategy and operations. Prior to his retirement in 2024, Mr. Van Wyk was the Group Chief Information Officer (CIO) for HSBC. Prior to HSBC, he served as CIO for PNC Bank, ING Bank, ING Insurance, and Morgan Stanley. Earlier in his career, he served in a range of finance, audit, and consulting roles.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their 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, visit genworth.com, and for more information on Enact Holdings, Inc. visit enactmi.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” "will,” “may” 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 from those in the forward-looking statements due to global political, economic, inflation, business, competitive, market, regulatory and other factors and risks, including those discussed in the risk factor section of Genworth’s Annual Report on Form 10-K, filed with the SEC on February 28, 2025. Genworth undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

For further information:

Investors: Brian Johnson

InvestorInfo@genworth.com

Media: Amy Rein

Amy.Rein@genworth.com

Source: Genworth Financial, Inc.

FAQ

When will Steven Van Wyk stand for election at Genworth Financial (GNW)?

Steven Van Wyk will stand for election at Genworth's Annual Meeting of Stockholders on May 22, 2025.

How many members are now on Genworth Financial's (GNW) Board of Directors?

With Steven Van Wyk's election, Genworth's Board of Directors now has 10 members.

What is Steven Van Wyk's previous experience before joining GNW's board?

Van Wyk was Group CIO at HSBC Bank PLC and held CIO positions at PNC Bank, ING Bank, ING Insurance, and Morgan Stanley.

How will Steven Van Wyk's appointment benefit GNW's technology initiatives?

His technical expertise will help implement new AI and digital technologies while improving customer service efficiency and effectiveness.
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