RICHMOND, Va., Nov. 26, 2013 /PRNewswire/ -- A Genworth senior executive has been named to Fortune magazine's annual ranking of "Top 50 Business People."
Genworth Chief Executive Officer Thomas J. McInerney is recognized in this year's Fortune rankings of 50 national senior business leaders. In naming McInerney, one of two Virginia-based chief executives on its fourth annual list, Fortune points out that "McInerney is only 11 months into the CEO job but has boosted profits 124% for the first nine months of 2013."
"It's an honor," said Genworth CEO McInerney. "But this is really a tribute to the tremendous commitment of our employees and the vision and expertise of our senior leaders. In addition, the ability to work with regulators and legislators to find common ground and consensus on public policy issues has contributed to--and will continue to be important for--Genworth's success.
"Genworth is changing," he added, "through the actions and execution of our priorities and objectives. We are committed to moving forward with products, customers, distributors and employees, in an effort to help families become more financially secure, self-reliant and prepared for their future needs."
"We are pleased that Fortune has chosen to honor Tom McInerney's leadership in positioning the company for future success and for the progress made this year," said Genworth Board Chairman James S. Riepe. "Tom's extensive expertise in insurance, investment management and global financial services markets has served Genworth well, as we continue towards our goal of rebuilding value for shareholders and other stakeholders."
McInerney became Genworth's president and chief executive officer on January 1, 2013, having been named to that position by the company's board of directors. McInerney has a long history in financial services businesses, previously holding senior leadership positions at both ING Groep and Aetna Financial Services. He graduated with honors from Colgate University in 1978 with a BA in Economics and received an MBA with a concentration in Finance and Investments from the Tuck School of Business at Dartmouth in 1982.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement--including life insurance, long term care insurance, and financial protection coverages--and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.
Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.
From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.
SOURCE Genworth Financial, Inc.