- "While this was a personal decision by Mr. Klein for another opportunity, we expect it to raise some investor concerns given Genworth’s (GNW -9.1%) depressed stock price,” says KBW's Ryan Krueger, after the resignation of CFO Martin Klein.
- Already suffering from losses at its long-term care business, Genworth in March also disclosed material weakness in financial reporting for that unit.
- Klein had also been acting CEO of Genworth during most of 2012.
- Previously: Genworth CFO leaves; replacement named (Oct. 15)