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Board names Phil Witherington, Manulife Asia CEO, as Successor

TORONTO, Nov. 18, 2024 /PRNewswire/ – Manulife Financial Corporation ‘s (NYSE:) Board today announced that President and Chief Executive Officer Roy Gori has informed them of his intention to retire, effective May 8, 2025, with Phil Witherington appointed as his successor and joining the Board of Directors at that time. To support this transition, following Mr. Gori‘s retirement he has agreed to serve as an Advisor through August 31, 2025.

“The Board is unanimous in our support for Phil’s appointment,” Don Lindsay (NYSE:), Chair of the Board of Manulife said. “As both our Chief Financial Officer and now as CEO of the Asia Segment he has consistently demonstrated the ability to navigate complexity, deliver on commitments and drive change and highly engaged teams through his authentic leadership,” Mr. Lindsay added.

“Roy is an inspiring, values-driven leader who has transformed the company and delivered outstanding results over his tenure as our President and CEO,” Mr. Lindsay said. “Our company is well-positioned for sustained future growth because of Roy’s disciplined focus on execution and the tremendous team and culture he’s built,” added Mr. Lindsay. “On behalf of the Board, I want to thank Roy for his extraordinary energy, passion for and commitment to our company.”

“It has been my honour to serve as Manulife’s President and CEO and I’m extremely proud of our team’s many accomplishments. We’ve delivered superior operating results, de-risked our business, and become a digital customer leader in our industry,” said Mr. Gori. “These results have enabled us to deliver market leading total shareholder return and wouldn’t have been possible without the incredible dedication and engagement of our outstanding global team.”

“We’re now well-positioned to raise the bar on our aspirations for Manulife’s next chapter,” Mr. Gori added. “And I’m thrilled that Phil will lead that next phase in the company’s growth given his deep understanding of our global business and principled leadership. He has played a key role in our transformation journey, and I look forward to working with him to ensure a seamless transition.”

Phil Witherington has been a member of the company’s Executive Leadership Team since 2017,…

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