TSX/NYSE/PSE: MFC
SEHK:945
TORONTO, Nov. 30, 2012 /PRNewswire/ - Gail Cook-Bennett, Chair of Manulife Financial
Corporation and The Manufacturers Life Insurance Company today
announced on behalf of the Board of Directors, the appointment of
Richard DeWolfe as Vice-Chair,
effective December 1, 2012.
Gail Cook-Bennett
will retire from the Board in May
2013, having reached the Board retirement age. As Vice
Chair, Mr. DeWolfe will assist the Chair in managing a smooth
transition of the affairs of the Board until the 2013 Annual
Meeting in May when he will become Chair.
"Over the past few months, the Manulife Board
participated in a careful process to identify the next Chair," said
Gail Cook-Bennett. "The Board is
fortunate to have someone of Dick
DeWolfe's experience, ability and knowledge of the Company
take on the role of Chair," she added.
"We have benefited enormously from Dick DeWolfe's keen interest and wise counsel,
as a Director at large and as Chair of the Audit Committee," said
Donald Guloien. "I am looking
forward to working even more closely with Dick over the next few
years," he added.
Mr. DeWolfe, who joined the Board in 2004, is
currently Managing Partner of DeWolfe & Company, LLC, a real
estate management and investment consulting firm. He was
formerly Chairman and CEO of The DeWolfe Companies, Inc., the
largest homeownership organization in New England. Mr.
DeWolfe is a director of Avantair, Inc. and holds an Executive
Masters Professional Director Certification from the American
College of Corporate Directors. Mr. DeWolfe received a BAS,
Marketing and Finance from Boston
University.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with
principal operations in Asia,
Canada and the United States. In 2012, we celebrate 125
years of providing clients strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth
management products and services to millions of clients. We also
provide asset management services to institutional customers. Funds
under management by Manulife Financial and its subsidiaries were
C$515 billion (US$523 billion) as at September 30, 2012. The Company operates as
Manulife Financial in Canada and
Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as 'MFC'
on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife
Financial can be found on the Internet at manulife.com.
SOURCE Manulife Financial Corporation