Manulife President & CEO Roy Gori Announces His Intention to Retire in May 2025
Manulife Financial (MFC) announced that President and CEO Roy Gori will retire effective May 8, 2025. The Board has appointed Phil Witherington, current CEO of Manulife Asia, as his successor. Witherington will join the Board of Directors upon succession, while Gori will serve as an Advisor through August 31, 2025.
Witherington, who has been part of Manulife's Executive Leadership Team since 2017, previously served as Chief Financial Officer for five years before his current role. He brings over 25 years of experience in insurance and financial services globally, having held positions at HSBC and AIA before joining Manulife in 2014.
Manulife Financial (MFC) ha annunciato che il Presidente e CEO Roy Gori si ritirerà a partire dal 8 maggio 2025. Il Consiglio di Amministrazione ha nominato Phil Witherington, attuale CEO di Manulife Asia, come suo successore. Witherington entrerà a far parte del Consiglio di Amministrazione al momento della successione, mentre Gori rimarrà come Consigliere fino al 31 agosto 2025.
Witherington, che fa parte del Team di Leadership Esecutiva di Manulife dal 2017, ha precedentemente ricoperto la carica di Direttore Finanziario per cinque anni prima del suo ruolo attuale. Porta con sé oltre 25 anni di esperienza nel settore assicurativo e dei servizi finanziari a livello globale, avendo ricoperto ruoli in HSBC e AIA prima di unirsi a Manulife nel 2014.
Manulife Financial (MFC) anunció que el Presidente y CEO Roy Gori se retirará el 8 de mayo de 2025. La Junta ha nombrado a Phil Witherington, actual CEO de Manulife Asia, como su sucesor. Witherington se unirá a la Junta de Directores al momento de la sucesión, mientras que Gori actuará como Asesor hasta el 31 de agosto de 2025.
Witherington, quien ha sido parte del Equipo Ejecutivo de Liderazgo de Manulife desde 2017, se desempeñó anteriormente como Director Financiero durante cinco años antes de su rol actual. Aporta más de 25 años de experiencia en el sector de seguros y servicios financieros a nivel mundial, habiendo ocupado cargos en HSBC y AIA antes de unirse a Manulife en 2014.
매뉴라이프 파이낸셜 (MFC)은 로이 고리(Roy Gori) 회장 겸 CEO가 2025년 5월 8일부로 은퇴한다고 발표했습니다. 이사회는 현재 매뉴라이프 아시아 CEO인 필 위더링턴을 그의 후임으로 임명했습니다. 위더링턴은 승계 후 이사회에 합류할 예정이며, 고리는 2025년 8월 31일까지 자문 역할을 수행할 것입니다.
위더링턴은 2017년부터 매뉴라이프의 경영진 리더십 팀의 일원으로 활동했으며, 현재 직책 이전에는 5년 동안 CFO로 재직했습니다. 그는 2014년 매뉴라이프에 합류하기 전에 HSBC와 AIA에서 직책을 맡아 전 세계 보험 및 금융 서비스 분야에서 25년 이상의 경험을 쌓아왔습니다.
Manulife Financial (MFC) a annoncé que le Président et CEO Roy Gori prendra sa retraite à compter du 8 mai 2025. Le Conseil d'Administration a nommé Phil Witherington, actuellement CEO de Manulife Asie, comme son successeur. Witherington rejoindra le Conseil d'Administration lors de la succession, tandis que Gori agira comme conseiller jusqu'au 31 août 2025.
Witherington, qui fait partie de l'équipe de direction exécutive de Manulife depuis 2017, a précédemment occupé le poste de Directeur Financier pendant cinq ans avant son rôle actuel. Il possède plus de 25 ans d'expérience dans le secteur des assurances et des services financiers à l'échelle mondiale, ayant occupé des postes chez HSBC et AIA avant de rejoindre Manulife en 2014.
Manulife Financial (MFC) hat angekündigt, dass Präsident und CEO Roy Gori zum 8. Mai 2025 in den Ruhestand treten wird. Der Vorstand hat Phil Witherington, den derzeitigen CEO von Manulife Asia, zu Gorís Nachfolger ernannt. Witherington wird bei der Nachfolge in den Vorstand eintreten, während Gori bis zum 31. August 2025 als Berater tätig sein wird.
Witherington ist seit 2017 Teil des Executive Leadership Teams von Manulife und war zuvor fünf Jahre lang Chief Financial Officer, bevor er seine aktuelle Rolle übernahm. Er bringt über 25 Jahre Erfahrung in der Versicherungs- und Finanzdienstleistungsbranche mit und hatte Positionen bei HSBC und AIA, bevor er 2014 zu Manulife kam.
- Company reports market-leading total shareholder returns
- Successfully executed business de-risking initiatives
- Achieved digital customer leadership position in the industry
- Delivered superior operating results
- None.
Insights
The planned CEO transition at Manulife represents a significant leadership change for one of North America's largest insurers. Roy Gori's tenure saw notable achievements in digital transformation and risk management, resulting in strong shareholder returns. His successor, Phil Witherington, brings extensive experience from key roles within Manulife and previous positions at HSBC and AIA.
The selection of an internal candidate with both CFO and Asia CEO experience suggests continuity in strategy while bringing strong financial acumen to the role. Witherington's background in both developed and emerging markets is particularly relevant given Manulife's significant Asian operations. The 6-month transition period until May 2025, followed by Gori's advisory role through August 2025, indicates a well-planned succession strategy to maintain operational stability.
C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945
Board names Phil Witherington, Manulife Asia CEO, as Successor
"The Board is unanimous in our support for Phil's appointment," Don Lindsay, Chair of the Board of Manulife said. "As both our Chief Financial Officer and now as CEO of the Asia Segment he has consistently demonstrated the ability to navigate complexity, deliver on commitments and drive change and highly engaged teams through his authentic leadership," Mr. Lindsay added.
"Roy is an inspiring, values-driven leader who has transformed the company and delivered outstanding results over his tenure as our President and CEO," Mr. Lindsay said. "Our company is well-positioned for sustained future growth because of Roy's disciplined focus on execution and the tremendous team and culture he's built," added Mr. Lindsay. "On behalf of the Board, I want to thank Roy for his extraordinary energy, passion for and commitment to our company."
"It has been my honour to serve as Manulife's President and CEO and I'm extremely proud of our team's many accomplishments. We've delivered superior operating results, de-risked our business, and become a digital customer leader in our industry," said Mr. Gori. "These results have enabled us to deliver market leading total shareholder return and wouldn't have been possible without the incredible dedication and engagement of our outstanding global team."
"We're now well-positioned to raise the bar on our aspirations for Manulife's next chapter," Mr. Gori added. "And I'm thrilled that Phil will lead that next phase in the company's growth given his deep understanding of our global business and principled leadership. He has played a key role in our transformation journey, and I look forward to working with him to ensure a seamless transition."
Phil Witherington has been a member of the company's Executive Leadership Team since 2017, serving as Chief Financial Officer for five years until his appointment to his current role as President and CEO, Manulife Asia. Holding roles with HSBC and AIA prior to joining Manulife in 2014, Mr. Witherington has over 25 years of experience in insurance and financial services globally, in both developed and emerging markets. Earlier in his career, he spent a decade with KPMG in
"It is an honour to be provided with the opportunity to lead the next chapter for Manulife. We are an historic organization that has an incredible footprint, enviable capabilities, and an unrivalled history," Mr. Witherington said. "It has been a privilege to work closely with Roy and the entire Executive Leadership Team in recent years, and I'm excited by the opportunity we have to build on our momentum, delivering high-quality sustainable growth for the benefit of our customers, colleagues, investors and the communities we operate in around the world," he added.
Phil will continue in his current role as he works with Roy on transition planning and will name his successor in the coming months.
About Manulife
Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in
Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/manulife-president--ceo-roy-gori-announces-his-intention-to-retire-in-may-2025-302308424.html
SOURCE The Manufacturers Life Insurance Company
FAQ
When will Roy Gori retire as CEO of Manulife (MFC)?
Who will succeed Roy Gori as CEO of Manulife (MFC)?
What is Phil Witherington's current role at Manulife (MFC)?
How long will Roy Gori serve as an advisor after retiring from Manulife (MFC)?
