Organizational Announcement For Genworth’s USLI Division

In the U.S. Life Insurance division, we have made a series of changes over
the last two years to drive efficiency and execute our turnaround
strategy. You’ve seen us streamline our product portfolio, exit non-core
businesses and focus our efforts on our core business lines of life
insurance, fixed annuities and long term care insurance.

As we continue to make progress toward our vision, I am pleased to
announce the appointment of Elena Edwards as Chief Operating Officer of
Genworth’s U.S. Life Insurance division.

Our aim is to improve the delivery of our product and service value
proposition to distributors and to consumers. This move will support that
aim by providing focused accountability for managing day-to-day
operations, including in-force management, reinsurance, product and
service delivery to distributors and to our policyholders, and technical

Elena’s team of direct reports will include:

  • Pat Foley, Distribution and Marketing Leader
  • Chris Olsen, Operations Leader
  • Mike Shadler, Chief Information Officer
  • Brynn Thablet, Projects and Analytics Leader
  • A new In-Force Leader (we will begin this search later this week); and
  • A new Reinsurance Leader (this search is already underway)

With Elena taking on this new role, my intent is to focus on our business
strategy and how changes in the market environment affect our plans going
forward; capital planning and financial management; and working with key
external constituents such as our regulators.

This change is effective immediately. Pat Foley and his team will continue
to be your key points of contact within our organization.

We believe these changes will allow us to execute our business plans more
effectively, improving product and service delivery. Thank you for your
support of these changes and for the opportunity to work in partnership
with you. If you have any questions, please let me know.