Management Change/Compensation - Form 8-K

On February 21, 2024, Darren W. Woodell was appointed Vice President and Controller (Principal Accounting Officer) of Genworth Financial, Inc. (the "Company").

Mr. Woodell, age 48, has served as our Vice President and Controller since February 1, 2024. Prior to that, he served as the Assistant Controller from April 2022 to January 2024 and as the Director of Financial Reporting from January 2017 to March 2022. From September 2010 through December 2016, Mr. Woodell served in various accounting capacities with the Company with responsibilities including management and oversight of the Company's external financial reporting with the Securities and Exchange Commission and technical accounting matters. Prior to joining the Company, he served as the Assistant Controller of LL Flooring (previously known as Lumber Liquidators) and in accounting positions of increasing authority before attaining the position of Assurance Manager at Ernst & Young. Mr. Woodell received a Bachelor of Science degree in Accounting from the University of Central Florida and is a licensed Certified Public Accountant in Virginia and Florida.

In connection with his appointment as Vice President and Controller (Principal Accounting Officer), Mr. Woodell will receive an annual base salary of $315,000 and an annual incentive target of 50% of his base salary. Mr. Woodell is eligible to participate in the Company's Amended and Restated Senior Executive Severance Plan.