GENWORTH FINANCIAL INC FILES (8-K) Disclosing Change in Directors or Principal Officers
Edgar Glimpses
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 6, 2023, Genworth Financial, Inc. (the "Company") announced that
Daniel J. Sheehan IV will be transitioning out of his current role of Executive
Vice President, Chief Financial Officer and Chief Investment Officer in early March 2023 but will remain with the Company in an advisory role until March 31,
2023 in order to ensure a smooth transition. Mr. Sheehan will continue to
oversee the completion of the financial close process for the fourth quarter of
2022 and the filing of the Company's financial statements for the year ended December 31, 2022 on Form 10-K with the Securities and Exchange Commission on or
before March 1, 2023.
The Company will appoint Jerome T. Upton as Executive Vice President and Chief
Financial Officer in early March 2023. Mr. Upton has been serving as a Senior
Vice President, Deputy CFO and Controller (Principal Accounting Officer) of the
Company since April 2022.
Mr. Sheehan's termination of employment at the end of March will trigger
payments to him, vesting acceleration of certain equity awards and retirement
benefits pursuant to the previously disclosed terms of the Company's Amended and
Restated Senior Executive Severance Plan.
Management Change – Form 8-K
540.6 KB
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News