Genworth Mortgage Insurance Australia has seen its chief executive and managing director step down from her role, and an Australian and international executive search for her replacement on the way.
Georgette Nicholas is leaving her position, aiming to relocate to her residence in the US.
She will continue in the role until Genworth finds a successor, and will remain with the company for a period to help with the transition.
“Georgette has played a significant role in leading Genworth’s strategic program of work, particularly in redefining the company’s core business model and in positioning Genworth as a leading provider of risk and capital management solutions to the Australian residential mortgage market,” Ian MacDonald, Genworth chairman said.
“She has also been instrumental in leading a cultural change within the business resulting in a diverse and highly engaged workforce.”
Ms Nicholas added: “We have set the company’s future strategic path with a strong focus on the evolving needs of lender-customers and borrowers to ensure we deliver sustainable ongoing returns to our shareholders.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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