Genworth Financial has elected Steven C. Van Wyk as an independent director to its Board, effective immediately. With extensive experience in technology and finance from his tenure at HSBC and various financial institutions, he is expected to enhance Genworth’s strategic efforts. Mr. Van Wyk will stand for election at the 2025 Annual Meeting of Stockholders.
Genworth Financial has elected Steven C. Van Wyk as an independent director to its Board, effective immediately, resulting in a total of 10 board members. Mr. Van Wyk, who previously served as the Group Chief Information Officer for HSBC Bank PLC, will be up for election alongside other directors at the Annual Meeting of Stockholders on May 22, 2025. The addition of Mr. Van Wyk is anticipated to bolster the board’s ability to return value to shareholders.
Melina Higgins, the non-executive Chair of the Board, stated that “Steve brings deep technology, business transformation, and executive leadership expertise,” enhancing the board’s capacity to fulfill its strategic objectives. Tom McInerney, President and CEO of Genworth, noted that Mr. Van Wyk’s technical knowledge will support the company’s efforts in employing AI and digital technologies to assist families during the aging journey.
Mr. Van Wyk possesses extensive experience as a technology leader in the banking and insurance sectors. His credentials include pivotal roles in large-scale technology transformations, complemented by a robust understanding of business and finance. Prior to his retirement in 2024, he held senior positions, including CIO at PNC Bank and Morgan Stanley, enhancing his comprehensive management expertise.
Founded in Richmond, Virginia, Genworth Financial, Inc. is a Fortune 500 company committed to helping families navigate aging with confidence. The organization offers various services, including caregiving guidance and long-term care funding options. Genworth is also the parent company of Enact Holdings, a prominent U.S. mortgage insurance provider. For further details, visit genworth.com.
This announcement contains forward-looking statements as per the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and contain inherent uncertainties. Actual results may differ due to various factors, as described in Genworth’s Annual Report on Form 10-K, filed with the SEC on February 28, 2025.
The election of Steven C. Van Wyk to Genworth Financial’s Board of Directors signifies a strategic enhancement to the company’s leadership, particularly in technology integration and business transformation. His extensive background in the banking and insurance industries will be invaluable as Genworth aims to improve services and manage long-term care solutions effectively. The upcoming Annual Meeting of Stockholders will further solidify his position on the board, contributing positively to the company’s objectives.
Original Source: www.businesswire.com
