Genworth Financial announced that President and Chief Executive Officer Tom McInerney is taking a temporary leave of absence to focus on his health. The Board of Directors has named Jerome Upton, currently Genworth’s Chief Financial Officer, as Interim President and Chief Executive Officer, effective immediately. This leadership transition ensures continuity as the company continues to execute its existing strategy.

Melina Higgins, Genworth’s Board Chair, expressed support for McInerney and confidence in the leadership team. "Our thoughts are with Tom and his family as he recovers, and we look forward to his return," Higgins said. She emphasized that Genworth is well positioned for continued success with a strong bench of leaders to maintain progress toward its goals during this interim period.

McInerney has served as President and CEO since joining Genworth in January 2013. His tenure has been marked by initiatives to drive operational excellence, position the company for growth, and strengthen its financial position. These efforts have resulted in significant capital returns to shareholders and strong strategic, operational, and financial outcomes.

Jerome Upton brings extensive experience to the interim role, having been with the company and its predecessors since 1998. He has served as CFO since March 2023, holding various executive leadership roles in finance and operations across different business lines and geographies. Upton has been integral in developing Genworth’s strategy and has worked closely with McInerney to improve the company’s financial and operating position.

Leadership Transition Details

Genworth Financial, Inc. is a publicly traded holding company headquartered in Richmond, Virginia. Through its family of brands, including CareScout, Genworth, and Enact, the company offers guidance, products, and services supporting caregiving decisions and long-term care planning. Genworth is the majority owner of Enact Holdings, Inc., a leading U.S. mortgage insurance provider.