Manulife CEO Roy Gori to retire, Phil Witherington named next CEO [Investment Executive - News]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Investment Executive - News
Roy Gori, chief executive of Manulife Financial Corp., will be stepping down from the role next May after pushing through some significant changes at the insurance giant since taking the helm in 2017. Phil Witherington, currently serving as chief executive of Manulife Asia, will take his place after he retires on May 8, the company said Monday. Gori is leaving after leading the company through changes including off-loading riskier, lower-return assets and pushing heavily into digital. “We have transformed Manulife and we are, as a result of that, a radically different company today to the one we were in 2017,” Gori said at an investor day in Hong Kong in June. Witherington will be moving from head of Asia to running the whole company at a time when it’s increasingly looking for growth in that region. Gori emphasized at the investor day how some 1.5 billion people in Asia are expected to join the middle class by 2030, a trend that will help lead to more sales. He leaves the compa
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