Genworth Financial has appointed Steven C. Van Wyk as a new independent director, effective immediately. Van Wyk, who previously served as Group CIO for HSBC, brings extensive experience in technology and business transformation. His election increases the Board to ten members, and he will officially stand for election during the 2025 Annual Meeting. Genworth aims to enhance its service offerings for families navigating the aging journey while leveraging Van Wyk’s technical expertise.
On October 18, 2023, Genworth Financial, Inc. (NYSE: GNW), based in Richmond, Virginia, announced the election of Steven C. Van Wyk to its Board of Directors as an independent director. Mr. Van Wyk, recognized for his previous position as Group Chief Information Officer at HSBC Bank PLC, increases the Board’s membership to ten. His formal election will occur during Genworth’s 2025 Annual Meeting of Stockholders on May 22, 2025.
Melina Higgins, the non-executive Chair of the Board, emphasized that Mr. Van Wyk’s extensive background in technology and business transformation will enhance the Board’s efforts in delivering shareholder value. Similarly, Tom McInerney, President and CEO of Genworth, highlighted that his technical expertise aligns well with the company’s goals of advancing AI and digital technologies to improve customer service.
Mr. Van Wyk possesses a robust background in information technology, having held leadership roles across prominent financial institutions such as PNC Bank, ING Bank, and Morgan Stanley. His experience in large-scale technology transformations and strong business acumen will be crucial as Genworth navigates its strategic direction and operations.
Genworth Financial, a leading Fortune 500 company, aims to empower families to manage the challenges of aging. The company, including its subsidiary CareScout, provides essential guidance and resources for long-term care planning. Additionally, it is the parent organization of Enact Holdings, Inc. (Nasdaq: ACT), which serves as a significant U.S. mortgage insurance provider. Additional information can be found on Genworth’s and Enact’s websites.
In summary, Steven C. Van Wyk’s election to Genworth Financial’s Board of Directors introduces significant expertise in technology and executive leadership. With a robust background in the banking and insurance sectors, his addition promises to enhance the company’s strategic oversight and operational effectiveness. Genworth remains committed to empowering families in their aging journeys while continuing to innovate in service delivery.
Original Source: www.businesswire.com
