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Genworth Mourns the Death of Former Board Member William Bolinder
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Genworth Financial (NYSE: GNW) mourns the loss of former board member William H. Bolinder, who passed away on September 29, 2022. Bolinder served on the Board from 2010 to 2019, contributing significantly as Chair of the Nominating and Corporate Governance Committee. He was highly regarded for his financial services expertise and instrumental in shaping Genworth's direction. Bolinder previously held leadership roles at Acadia Trust and Zurich Financial Services Group, demonstrating a strong commitment to the company's success.
Positive
Bolinder's extensive financial services experience contributed positively to the company during his tenure.
His leadership in the Nominating and Corporate Governance Committee helped shape Genworth's strategic direction.
Negative
The company now faces a gap in board expertise following Bolinder's passing.
RICHMOND, Va.--(BUSINESS WIRE)--
Genworth Financial, Inc. (NYSE: GNW) is mourning the death of its former board member, William H. Bolinder, who passed away on September 29, 2022, after a long illness. He served as a member of Genworth’s Board of Directors from 2010 to 2019, including as Chair of the Nominating and Corporate Governance Committee from 2013 to 2019.
"We are deeply saddened to hear of Bill’s passing," said Melina Higgins, Genworth non-executive Chair of the Board of Directors. "Beyond the tremendous financial services experience Bill brought to Genworth’s Board, he also was a thoughtful and steadfast partner in shaping Genworth’s progress. On behalf of the Board, we are keeping his wife, Heather English, his family, and his friends in our thoughts.”
“The Genworth Management team and I are grateful for the opportunity we had to benefit from Bill’s deep financial services and management expertise during his time on the Board,” said Tom McInerney, Genworth’s President and Chief Executive Officer. “He was kind, knowledgeable, relentlessly optimistic and unyielding in his commitment to Genworth’s success.”
Bolinder retired as President, Chief Executive Officer and a director of Acadia Trust N.A in 2006, positions he had held since 2003. Prior to Acadia Trust, he served as a member of the Group Management Board for Zurich Financial Services Group from 1994 to 2002. Mr. Bolinder joined Zurich American Insurance Company, USA in 1986 as Chief Operating Officer and became Chief Executive Officer in 1987.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 holding company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth provides 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.
Who was William H. Bolinder and what role did he serve at Genworth Financial?
William H. Bolinder was a former board member of Genworth Financial, serving from 2010 to 2019 as Chair of the Nominating and Corporate Governance Committee.
When did William H. Bolinder pass away?
William H. Bolinder passed away on September 29, 2022.
What impact did Bolinder have on Genworth Financial?
Bolinder had a significant positive impact on Genworth Financial through his financial services expertise and leadership during his tenure.
What changes might Genworth Financial face after Bolinder's death?
Genworth Financial may experience a gap in board expertise and leadership continuity following Bolinder's passing.
