Leadership Change and Stock Reaction
On Tuesday, after‑hours trading, Genworth Financial Inc (NYSE:GNW) shares declined 1.9% following the announcement that Chief Executive Officer Tom McInerney will take a temporary leave of absence to focus on his health. The Board of Directors promptly appointed Chief Financial Officer Jerome Upton as Interim President and Chief Executive Officer, with the appointment taking effect immediately.
Board Commentary
Board Chair Melina Higgins said, “Our thoughts are with Tom and his family as he recovers, and we look forward to his return,” and added that the company is well positioned for continued success thanks to a strong bench of talented leaders.
Executive Backgrounds
Tom McInerney has served as President and CEO of Genworth since January 2013, during which time he led initiatives aimed at operational excellence, positioning the company for growth, strengthening its financial position, and returning capital to shareholders. Jerome Upton has been with Genworth and its predecessor entities since 1998 and has held CFO responsibilities since March 2023, previously occupying senior finance and operations roles across multiple business lines and geographies.
Company Overview
Genworth Financial is headquartered in Richmond, Virginia, and operates through a family of brands that include CareScout, Genworth, and Enact. The firm is the majority owner of Enact Holdings, Inc. (NASDAQ:ACT), a provider of mortgage insurance.
Publication Details
The article was published on 08‑07‑2026 at 01:50 am, generated with AI assistance and reviewed by an editor.