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Genworth faces investor displeasure over CEO's sudden departure

2015-10-11 08:47:06| Automakers - Topix.net

Genworth Mortgage Insurance Australia faces investor and analyst backlash on Monday after the lenders mortgage insurance giant revealed late on Friday that its chief executive, Ellie Comerford, was leaving the company. Genworth, which has a market valuation of $1.6 billion, announced Ms Comerford was retiring from the insurer and will remain in an advisory role until May 31 to "assist with transitional matters".

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