UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously reported, on July 24, 2020, Kelly L. Groh, Executive Vice President and Chief Financial Officer (Principal Financial Officer) of Genworth Financial, Inc. (the “Company”), notified the Company that she intended to resign from her position for personal reasons after the completion of the financial close process for the second quarter of 2020 and the related filing of the Company’s financial statements for the second quarter of 2020 on Form 10-Q with the Securities and Exchange Commission. Subsequent to filing the Form 10-Q, Ms. Groh resigned her position as Executive Vice President and Chief Financial Officer (Principal Financial Officer) effective August 6, 2020, but will remain with the Company in an advisory role.
On August 6, 2020, the Company appointed Daniel J. Sheehan IV, as Executive Vice President and Chief Financial Officer (Principal Financial Officer). Mr. Sheehan currently serves as the Company’s Executive Vice President—Chief Investment Officer, and will continue to have oversight of the Company’s investments function in addition to taking over the responsibilities of Chief Financial Officer.
Mr. Sheehan, age 54, has been our Executive Vice President—Chief Investment Officer since December 2013. Prior to that, he served as our Senior Vice President—Chief Investment Officer since April 2012. From January 2009 to April 2012, he served as our Vice President with responsibilities that included oversight of the Company’s insurance investment portfolios. From January 2008 through December 2008, Mr. Sheehan had management responsibilities of the Company’s portfolio management team, including fixed-income trading. From December 1997 through December 2007, Mr. Sheehan served in various capacities with the Company and/or its predecessor including roles with oversight responsibilities for the investments real estate team, as risk manager of the insurance portfolios and as risk manager of the portfolio management team. Prior to joining our Company, Mr. Sheehan had been with Sun Life of Canada from 1993 to 1997 as a Property Investment Officer in the Real Estate Investments group. Prior thereto, he was with Massachusetts Laborers Benefit Fund from 1987 to 1993, as an auditor and auditing supervisor. Mr. Sheehan graduated from Harvard University with a BA in Economics and later received an MBA in Finance from Babson College.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 7, 2020 | GENWORTH FINANCIAL, INC. | |||||
By: | /s/ Pamela M. Harrison | |||||
Pamela M. Harrison | ||||||
Executive Vice President – Human Resources |