Genworth Financial has appointed Steven C. Van Wyk, former CIO of HSBC, as an independent director, expanding its board to ten members. His expertise in technology and business transformation is anticipated to enhance Genworth’s strategic direction. Van Wyk will stand for election at the 2025 Annual Meeting of Stockholders.
Genworth Financial, Inc., based in Richmond, Virginia, has announced the appointment of Steven C. Van Wyk as an independent director on its Board of Directors. Mr. Van Wyk, formerly the Group Chief Information Officer at HSBC Bank PLC, will actively contribute to the board, raising its total membership to ten. His election takes effect immediately, and he is slated for election with other board members at the upcoming Annual Meeting of Stockholders on May 22, 2025.
Non-executive Chair of the Genworth Board, Melina Higgins, highlighted Mr. Van Wyk’s extensive background, stating that he brings valuable technology and executive leadership skills. “His perspective will be a strong addition to our continued efforts to return value to our shareholders,” Higgins stated. Genworth President and CEO, Tom McInerney, also emphasized that Mr. Van Wyk’s expertise would enhance the company’s customer service and the implementation of advanced technologies, particularly in assisting families with aging issues effectively.
Mr. Van Wyk has a notable track record in technology leadership roles across various banking and insurance entities, including his previous positions as CIO at PNC Bank, ING Bank, and Morgan Stanley, prior to his retirement in 2024. His robust experience will provide essential insights into Genworth’s strategic directions and operations.
Genworth Financial focuses on empowering families through their aging journey, while their subsidiary, Enact Holdings, Inc., leads the U.S. mortgage insurance market. The company aims to offer comprehensive guidance, products, and services tailored to long-term care needs. For further details, individuals are encouraged to visit genworth.com or enactmi.com.
This press release also includes anticipatory statements concerning Genworth’s future business performance. Such forward-looking statements may be subject to risks and uncertainties that could cause actual results to differ significantly from the expectations outlined in the release. Genworth does not commit to updating such forward-looking statements as conditions evolve.
In conclusion, the election of Steven C. Van Wyk to Genworth Financial’s Board of Directors represents a strategic move to enhance the company’s technological expertise and leadership. His robust background in information technology within the financial sector is expected to contribute significantly to Genworth’s mission of providing value to shareholders and supporting families as they navigate aging complexities. Further developments will unfold during the 2025 Annual Meeting of Stockholders, where he will stand for official election alongside fellow directors.
Original Source: www.businesswire.com
