Genworth Mortgage Insurance Australia Limited announced that Ms. Georgette Nicholas will retire as Chief Executive Officer and Managing Director, and as a member of the Board of Directors effective 31 December 2019. Ms. Nicholas' retirement was announced on 1 May 2019 and, since that time, the Board has been in the process of conducting an Australian and international executive search. The Board has asked Mr. Duncan West, a current Genworth Non-Executive Director with extensive insurance industry experience, to serve as acting CEO effective 1 January 2020 until the permanent appointment is made.

Ms. Nicholas will remain with Genworth until the end of March 2020 to ensure a smooth hand over and orderly transition.