Genworth Adds Former Freddie Mac CEO as Independent Director

""Genworth Financial, Inc."":https://www.genworth.com/, has appointed an independent director as part of the company's strategy to rebuild value for shareholders. Naming the former CEO and director of ""Freddie Mac"":http://www.freddiemac.com/ to the board, Genworth added David M. Moffet to fill the new position.

Prior to taking over leadership for Freddie in 2008, Moffet was a senior advisor with the ""Carlyle Group LLC"":http://www.carlyle.com/. Moffet has also served as a vice chairman and CFO for ""U.S. Bancorp"":https://www.usbank.com/en/AboutHome.cfm and Firstar Corporation.

Currently a member of the board for both ""eBay Inc."":http://www.ebay.com/ and ""CIT Group, Inc."":http://www.cit.com/index.htm, Moffet boasts extensive directorship experience. ""MBIA Inc."":http://www.mbia.com/, the ""E.W. Scripps Company"":http://www.scripps.com/, and ""Building Materials Holding Corp."":http://buildwithbmc.com/ have all previously tapped Moffet as a director.

Genworth's non-executive chairman of the board, James S. Riepe, commented on the company's decision to name Moffet as an independent director, stating, ""As Genworth continues to

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execute its strategy of rebuilding value for shareholders, we believe David's extensive experience and perspectives will provide invaluable insights.""

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