Richmond, Va.-based Genworth Financial elected former North Dakota Sen. Kent Conrad as an independent director, bringing fiscal and government experience to the life insurance, long-term care insurance and mortgage holding company.
Kent Conrad
Conrad, 65, is a Democrat and served as a U.S. Senator representing North Dakota from January 1987 to January 2013. At the time of his retirement from the Senate, he was chairman of the Senate Budget Committee. Before being elected to Congress, Conrad was the North Dakota tax commissioner from 1981 to 1986. He holds an A.B. degree in Political Science from Stanford University and an M.B.A. degree from George Washington University.
“Kent’s extensive budgetary and public policy experience and perspectives will provide invaluable insights as Genworth continues its focus on rebuilding value for shareholders,” said James S. Riepe, Genworth non-executive chairman of the board.
Conrad’s election to Genworth’s board of directors increases its size from nine to 10 directors.
Genworth elects former Sen. Conrad as independent director via IFAwebnews .
