(l. to r.) Michael Fraizer, Genworth intern Laura Fox '10 and
R-MC President Robert R. Lindgren
Randolph-Macon College’s Board of Associates invited Michael D. Fraizer, chairman,
president and chief executive officer of Genworth Financial, to campus on Thursday,
April 15, 2010 as part of its Executive Speakers Series. His lecture was given to
R-MC faculty, staff and students in the college’s Copley Science Center.
Fraizer spoke about Genworth Financial’s purpose and values, lessons learned from
the financial crisis, and he answered students’ questions about his career path.
He encouraged students to be flexible in their careers and to take calculated risks.
Fraizer also shared four rules for determining if one’s career is progressing: Have
I shown that I can build something? Am I a fixer when obstacles arise? Am I learning
something new by stepping out of my comfort level? Am I making myself visible?
Fraizer has served as chairman, president and chief executive officer of Genworth
Financial since the completion of the company’s Initial Public Offering (IPO) in
May 2004. Prior to the IPO he was a senior vice president of General Electric (GE)
and served as chairman of the board and president and chief executive officer of
GE Financial Assurance Holdings, Inc. Fraizer was president and chief executive
officer of GE Capital Commercial Real Estate through 1996 and vice president of
Portfolio Acquisitions and Ventures from 1991 to 1993.
From 1989 to 1991, Fraizer was president and managing director of GE Japan. Prior
to that he served in various capacities as a member of GE’s Corporate Audit Staff
and Corporate Business Development after joining GE in June 1980 in its Financial
Fraizer currently is a trustee of the Virginia Foundation for Independent Colleges
and serves on the boards of the Andre Agassi Charitable Foundation and the Richmond
Performing Arts CenterStage. He is also a member of the executive counsel of the
P-20 Bridging Richmond Education Initiative. He is an active supporter of Richmond
community programs and, along with his wife, founded the Mary & Frances Youth
Center on the Virginia Commonwealth University (VCU) campus in partnership with
the university. Fraizer earned his B.A. in political science from Carleton College.
Created by the R-MC Board of Trustees in 1980, the Board of Associates is an organization
of men and women who have pledged to join their talents, energies, resources and
wisdom to advance the mission of Randolph-Macon College. Through collective involvements
and individual activities, members of the Board of Associates strive to procure
new and sustained financial resources, to attract qualified students, to enhance
the image and reputation of the institution, to enrich the educational experience
of the students, and to provide advice and opportunities to students in preparation
for fulfilling careers.
For more information, contact Robert Patterson, director of R-MC corporate and foundation
relations, at 804-752-3605.