Patrick B. Kelleher will leave his position as executive vice president and CEO of Genworth Financial, Inc.’s U.S. life insurance division at the end of the year, the company announced today.
No reason was given in the statement for Kelleher’s departure. A spokesperson for Genworth declined to comment further on the matter.
Tom McInerney, Genworth’s president and CEO, will serve as CEO of the U.S. life insurance division until a replacement for Kelleher is hired and will work on the transition of duties with Kelleher until his tenure officially ends on December 31.
Kelleher was appointed EVP and CEO of the life insurance unit in 2012. Prior to that appointment, he held a series of executive positions at Genworth, including heading the company’s insurance, wealth management, retirement and protection divisions as well as serving as chief financial officer from 2007 to 2011. He joined the company in 2007 after working at a number of insurers, among them, Transamerica Reinsurance, Manulife Financial and Sun Life.