Genworth Board Gains New Independent Director

In Virginia, ""Genworth"":https://www.genworth.com/#tab1-tab announced the election of Melina E. Higgins to serve as a new independent director on the company's board.

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Higgins retired in 2010 from a nearly 20-year career at Goldman Sachs. During her tenure there, she served as head of the Americas and co-chairperson of the Investment Advisory Committee for the GS Mezzanine Partners funds, which managed more than $30 billion of assets. She also served as a member of the Investment Committee for the Principal Investment Area, which oversaw and approved global private equity and private debt investments. She was named managing director in 2001 and partner in 2002.

Since leaving Goldman, Higgins has served as an independent director of Mylan, Inc., since February 2013. Her election to Genworth's board of directors increases its size from nine directors to 10.

""Melina's investment experience and background in financial services bring a valuable perspective to the board as it continues to work with management to rebuild shareholder value,"" said James S. Riepe, non-executive chairman of the board.