Upton, a veteran of the organization since 1998, steps into the top executive position after serving as CFO since 2023. Board Chair Melina Higgins expressed support for the leadership change, emphasizing that the company intends to maintain its current strategic trajectory without interruption during the interim period. Investors reacted to the sudden announcement by sending Genworth shares down 2.4% to $9.31 in after-hours trading.
Genworth CEO Tom McInerney Steps Aside for Health Reasons
Genworth Financial Chief Executive Officer Tom McInerney is stepping away from his post to address health concerns, triggering an immediate leadership transition at the insurance firm. The company confirmed that Chief Financial Officer Jerome Upton will assume the roles of president and CEO on an interim basis while McInerney recovers.
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