Tom McInerney, Genworth president and chief executive officer, will work closely with Pat to transition responsibilities and will serve as CEO for the U.S. Life Insurance division in the interim, until a search is conducted and a replacement named to fill the role. "On behalf of the Board and the employees at Genworth, I'd like to thank Pat for his dedication to Genworth and valuable contributions over the years and wish him well for the future," said Tom McInerney, president and chief executive officer. "Under Pat's leadership as CFO during the financial crisis and more recently as chief executive officer of the U.S. Life Insurance division, Genworth has made progress building financial flexibility, improving capital ratios, and repositioning the long term care insurance business--through important steps such as implementing appropriate levels of rate actions on our in-force business.