Tags: genworth | insur

Genworth CEO Resigns After Stock Plunge

Tuesday, 01 May 2012 04:45 PM

Genworth Financial Inc. the mortage guarantor and life insurer, said Chief Executive Officer Michael Fraizer resigned after shares plunged more than 80 percent since the end of 2006.

Chief Financial Officer Martin Klein has been named acting CEO, the Richmond, Virginia-based insurer said Tuesday in a statement distributed by PR Newswire.

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