Genworth Financial has accepted the resignation of Vice President and Controller Darren W. Woodell and named Chief Financial Officer Jerome T. Upton interim principal accounting officer, effective November 6. The change comes ahead of Upton’s already announced move to president and CEO on January 1, 2027, when Thomas J. McInerney is set to retire.
Key details
- Woodell resigned to pursue a new opportunity. His departure had been announced in October.
- Upton will oversee the principal accounting officer role until Genworth appoints a permanent successor. He will continue as CFO, and his compensation will not change because of the added responsibility.
- Upton is scheduled to become president and CEO on January 1, 2027, as previously announced in connection with McInerney’s retirement.
Implications
The accounting-officer role will be held on an interim basis by the executive already slated to become CEO. The company has not announced who will take on the principal accounting officer role permanently.