Voya Financial, Inc. (NYSE:VOYA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
On July27, 2017, Frederick S. Hubbell tendered his resignation from the Board of Directors (the “Board”) of Voya Financial, Inc. (the “Company”) and from his position as a member of the Company’s Audit Committee and Compensation and Benefits Committee, and as the Chairperson of the Nominating and Governance Committee, in each case, due to the expected demands from his recently announced candidacy for Governor of Iowa. Prior to his resignation, Mr.Hubbell was the Company’s Lead Director.
In connection with Mr.Hubbell’s resignation, the Board made the following appointments, effective immediately. Mr.David Zwiener will become the Company’s Lead Director. Ms.Lynne Biggar will become the Chairperson of the Company’s Nominating and Governance Committee, a role formerly held by Mr.Hubbell.Mr.Byron Pollitt will become the Chairperson of the Company’s Audit Committee, a role formerly held by Mr.Zwiener who will remain on that committee.In addition, the Board approved a reduction to the size of the Board from ten to nine directors effective immediately.
About Voya Financial, Inc. (NYSE:VOYA)
Voya Financial, Inc. is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions. The Retirement and Investment Solutions business provides products and services through three segments: Retirement, Annuities and Investment Management. The Insurance Solutions business provides its products and services through two segments: Individual Life and Employee Benefits. In addition, the Company also has Closed Blocks and Corporate segments. Closed Blocks consists of two segments, which it has placed in run-off: Closed Block Variable Annuity and Closed Block Other. Corporate segment includes its corporate activities, and corporate-level assets and financial obligations.
