Genworth CEO takes leave of absence

Henrico County-based Fortune 1000 insurer Genworth Financial’s president and CEO, Thomas McInerney, has taken a leave of absence, and Chief Financial Officer Jerome Upton is serving as interim president and CEO.

The company revealed McInerney took a leave of absence to focus on his health and that the board named Upton as Genworth’s interim head on July 7. McInerney joined Genworth as president and CEO in January 2013 and has since led numerous initiatives to grow the company and strengthen its finances.

“Our thoughts are with Tom and his family as he recovers, and we look forward to his return,” Genworth Board Chair Melina Higgins said in a statement. “Genworth is well positioned for continued success with a strong bench of talented leaders. Together with the board and executive leadership team, I am confident that we will continue during this interim period to execute Genworth’s existing strategy, maintain continuity and make progress towards our goals.”

The company did not say how long McInerney’s leave of absence will be. Upton has been with Genworth and its predecessors since 1998 and has served as CFO since March 2023.

During his tenure, Upton has held numerous executive leadership roles in finance and operations across different business lines. The company credits him for playing an integral role in developing its strategy and improving its finances.

Headquartered in Glen Allen, Genworth offers mortgage and long-term care insurance products. It reported about $7.3 billion in revenue in 2025, slightly up from 2024’s $7.29 billion.