Genworth Mortgage Insurance Australia sees leadership transition

Company News

by Rachael Jones

The Chairman of Genworth Mortgage Insurance Australia (ASX:GMA)  today announced that Georgette Nicholas has advised the Board of her decision to retire from her role as Chief Executive Officer and Managing Director.

She is set to move back to her residence in the United States.

An Australian and international executive search for a new CEO & MD will now commence.

She will stay in Australia until a successor has been found and for a period of time afterwards to ensure a smooth handover.

Shares in Genworth Mortgage Insurance Australia (ASX:GMA) closed 0.83 per cent lower at $2.39 yesterday. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.