On January 26, 2021, Genworth Financial, Inc. (the Company) announced that Kevin D. Schneider will resign as Executive Vice President and Chief Operating Officer, effective January 26, 2021, but will remain employed with the Company in an advisory role through May 31, 2021. His resignation as an executive officer and termination of employment will trigger payments to him, vesting acceleration of certain equity awards and retirement benefits pursuant to the previously disclosed terms of the Company's Key Employee Severance Plan.