Genworth (NYSE: GNW) CFO Jerome Upton elevated to interim CEO as McInerney takes health leave
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Genworth Financial announced that President and CEO Tom McInerney is taking a temporary leave of absence to focus on his health. The Board appointed current CFO Jerome Upton as Interim President and CEO, effective July 7, 2026, to maintain strategic and operational continuity.
Upton has been with Genworth and its predecessors since 1998 and became CFO in March 2023 after holding multiple senior finance and operating roles, including Deputy CFO and Controller. The company highlights that its leadership team remains in place and that it intends to continue executing Genworth’s existing strategy during the interim period.
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Insights
Genworth’s CEO takes a health-related leave while the CFO becomes interim CEO.
Genworth Financial disclosed that long-time CEO Tom McInerney is stepping away temporarily for health reasons, and CFO Jerome Upton has been appointed Interim President and CEO effective July 7, 2026. This represents a notable leadership shift but is framed as temporary.
Upton has deep company experience, having joined in 1998 and serving as CFO since March 2023. The Board emphasizes continuity of Genworth’s existing strategy and highlights the strength of its broader leadership bench, which may help limit perceived execution risk during the interim period.
The company also includes standard forward-looking statements language, referring investors to risk factors in its Form 10-K filed on February 27, 2026. Subsequent filings may provide updates on McInerney’s status and any future leadership decisions.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Interim CEO effective date: July 7, 2026
Upton company tenure start: 1998
Upton CFO since: March 2023
+2 more
5 metrics
Interim CEO effective date
July 7, 2026
Jerome Upton appointed Interim President & CEO
Upton company tenure start
1998
Joined Genworth and its predecessors
Upton CFO since
March 2023
Became Executive Vice President and CFO
McInerney CEO since
January 2013
Appointed President and Chief Executive Officer
Genworth experience
More than 150 years
Company’s experience helping families navigate aging
Key Terms
temporary leave of absence, Interim President and Chief Executive Officer, forward-looking statements, risk factor section, +1 more
5 terms
temporary leave of absence regulatory
"will be taking a temporary leave of absence from his role to focus on his health"
Interim President and Chief Executive Officer financial
"has been appointed Interim President and Chief Executive Officer (Principal Executive Officer), effective July 7, 2026"
forward-looking statements regulatory
"This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
risk factor section regulatory
"These risks and uncertainties include, but are not limited to, those disclosed in the risk factor section of Genworth’s Annual Report on Form 10-K"
Annual Report on Form 10-K regulatory
"those disclosed in the risk factor section of Genworth’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission"
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
FAQ
What leadership change did Genworth Financial (GNW) announce on July 7, 2026?
Genworth Financial announced that CEO Tom McInerney is taking a temporary health-related leave of absence. The Board appointed CFO Jerome Upton as Interim President and Chief Executive Officer, effective July 7, 2026, to provide continuity in strategy and day-to-day leadership during the interim period.
Who is Jerome Upton, the new Interim CEO of Genworth Financial (GNW)?
Jerome Upton is Genworth’s Executive Vice President and Chief Financial Officer, now also Interim President and CEO. He has been with Genworth and its predecessors since 1998, serving in senior finance and operating roles, and became CFO in March 2023 before assuming the interim chief executive responsibilities.
Why is Genworth CEO Tom McInerney taking a temporary leave of absence?
Tom McInerney is taking a temporary leave of absence from his role as President and CEO to focus on his health. The company’s Board Chair expressed support for his recovery and emphasized that leadership expects and looks forward to his return while the business continues under interim leadership.
How does Genworth describe business continuity during the CEO’s leave?
Genworth states it is well positioned with a strong bench of leaders and plans to continue executing its existing strategy. Board Chair Melina Higgins emphasized maintaining continuity and making progress toward company goals while Jerome Upton serves as Interim President and CEO during the temporary leadership change.
What experience does Jerome Upton bring to his interim CEO role at Genworth (GNW)?
Jerome Upton has been with Genworth and its predecessors since 1998, holding roles such as Deputy CFO, Controller, and Chief Financial and Operating Officer for the International Mortgage Insurance Division. He became CFO in March 2023 and has helped develop Genworth’s strategy and improved financial and operating position.
What forward-looking statement caution did Genworth include with this leadership update?
Genworth included a standard cautionary note that the release contains forward-looking statements based on current expectations and assumptions. It warns actual results may differ materially due to risks described in the risk factor section of its Annual Report on Form 10-K filed with the SEC on February 27, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
___________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of earliest event reported)
___________________________________________________________
(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 7, 2026, Genworth Financial, Inc. (the “Company”) announced that Thomas J. McInerney, President & Chief Executive Officer, will be taking a temporary leave of absence from his role to focus on his health. In connection with Mr. McInerney’s leave of absence, the Company announced that Jerome T. Upton, the Company’s current Executive Vice President and Chief Financial Officer (Principal Financial Officer), has been appointed Interim President and Chief Executive Officer (Principal Executive Officer), effective July 7, 2026.
Mr. Upton, 62, has been in his current role since March 2023. He previously held various positions of increasing responsibility at Genworth since joining the Company and its predecessors in 1998, including Genworth’s Deputy CFO and Controller, as well as Chief Financial and Operating Officer for Genworth’s International Mortgage Insurance Division.
Mr. Upton does not have any family relationship with any of the Company’s executive officers or directors, nor has he engaged in any related party transaction with the Company that would be required to be disclosed pursuant to Item 404 of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
The following materials are furnished as exhibits to this Current Report on Form 8-K:
Exhibit No. | Description | |||||||
99.1 | Press Release Dated July 7, 2026 | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GENWORTH FINANCIAL, INC. | |||||||||||
| Date: July 7, 2026 | By: | /s/ Michael J. McCullough | |||||||||
| Michael J. McCullough | |||||||||||
| Senior Vice President and Corporate Secretary | |||||||||||
Genworth Financial President & CEO Thomas J. McInerney to Take Temporary Leave of Absence; Jerome Upton, Genworth CFO, Named Interim President & CEO Richmond, VA (July 7, 2026) - Genworth Financial, Inc. (NYSE: GNW) today announced that Tom McInerney, President & Chief Executive Officer, will be taking a temporary leave of absence from his role to focus on his health. The Board of Directors has named Jerome Upton, currently Genworth’s Chief Financial Officer, as Interim President & Chief Executive Officer, effective immediately. “Our thoughts are with Tom and his family as he recovers, and we look forward to his return,” said Melina Higgins, Genworth’s Board Chair. “Genworth is well positioned for continued success with a strong bench of talented leaders. Together with the Board and executive leadership team, I am confident that we will continue during this interim period to execute Genworth’s existing strategy, maintain continuity, and make progress towards our goals.” Tom joined Genworth as President and Chief Executive Officer in January 2013. Since joining the company, he has led a number of initiatives to drive operational excellence, position the company for growth, and strengthen the company’s financial position while returning significant capital to shareholders, resulting in strong strategic, operational and financial outcomes. Jerome Upton has been with the company and its predecessors since 1998 and has served as Genworth’s CFO since March 2023. Over that time, he has held a number of executive leadership roles in finance and operations across different business lines and geographies. Jerome’s contributions have been integral in developing Genworth’s strategy and he has worked closely with Tom to drive the company’s improved financial and operating position. About Genworth Financial Genworth Financial, Inc. (NYSE: GNW) is a publicly traded holding company headquartered in Richmond, Virginia. Through its family of brands—including CareScout, Genworth, and Enact— Genworth uses its more than 150 years of experience to help families navigate the aging journey with clarity and confidence, offering guidance, products, and services that support caregiving decisions,
long-term care planning, and the financial challenges of aging. Genworth is the majority owner of Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information, visit https://www.genworth.com. Cautionary Note Regarding Forward Looking Statements This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” “may” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from those in the forward-looking statements or views expressed in this press release. These risks and uncertainties include, but are not limited to, those disclosed in the risk factor section of Genworth’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on February 27, 2026. Genworth undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities laws. # # # Contact Information: Investors: Christine Jewell InvestorInfo@genworth.com Media: Evans Mandes Evans.Mandes@genworth.com