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Genworth Adds Two to MI Senior Leadership Team

""Genworth Financial, Inc."":http://genworth.com/, announced Wednesday that the company is strengthening the senior leadership team of its U.S. Mortgage Insurance (USMI) unit with the addition of two key executives. Paul Gomez was recently promoted to COO of USMI, and George Reichert was named chief information officer (CIO).


Gomez was formerly SVP for Genworth Financial's U.S. Life Insurance Operations team in Richmond, Virginia. He and his senior personnel will focus on maximizing USMI's operational effectiveness. Gomez is a graduate of the U.S. Naval Academy and holds an M.B.A. from the University of Rhode Island.

""This is an exciting time for USMI as we begin to plan for prudent growth,"" said Rohit Gupta, president and CEO of Genworth USMI. ""As we continue looking at how to best


align our operations teams to achieve our loss mitigation goals and provide exceptional customer service, Paul's experience with running large customer service teams and analytics will be key to our work.""

Reichert most recently was CIO at Nortel Networks in Research Triangle Park, North Carolina, where he leveraged his expertise to create and lead the vision for Nortel's IT restructuring plan. He also led IT teams at Lenovo and DHL. Reichert graduated magna cum laude with a bachelor's degree in computer information systems from Manhattan College in New York.

""George is a results-driven leader with a proven ability to develop and execute IT strategy as well as motivate and empower people,"" Gupta commented. ""I'm pleased to have him on board to focus on how we can best leverage technology to drive the business forward and effectively manage change.""

Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance, and fixed annuities; Global Mortgage Insurance, made up of the U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other business unit, which includes the company's International Protection and Runoff segments as well as its discontinued wealth management business.

Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004.