Friday, May 04, 2012

The Sacramento Bee

May 1, 2012, Tuesday

The Sacramento Bee (full article)

Genworth Announces Two Leadership Changes in Mortgage Insurance Businesses

Genworth Financial, Inc. (NYSE:GNW) announces that it has named U.S. Mortgage Insurance President and Chief Executive Officer (CEO) Kevin Schneider as president and CEO of its recently formed Global Mortgage Insurance division, effective immediately. In this capacity, Schneider also has been named an executive vice president of the company. U.S. Mortgage Insurance Chief Commercial Officer Rohit Gupta will succeed Schneider as president and CEO of U.S. Mortgage Insurance (USMI).

Schneider, 50, joined Genworth in 2003 and has more than 28 years of experience in financial services and mortgage insurance. Prior to joining Genworth, he held various leadership positions at GE Capital, GATX Corp, and Ryder System. Schneider received a Bachelor of Science degree in Industrial Labor Relations from Cornell University and a Master of Management degree from Northwestern University's Kellogg Business School.