who is their CFO and quantify his acheivements and failures

The current Chief Financial Officer of Voya Financial is Michael Katz. He officially assumed the role on January 1, 2025, succeeding Don Templin. Katz is a Voya veteran, having been with the company and its predecessor (ING U.S.) since 2004.

Here is a quantified breakdown of his track record, focusing on his measurable impacts on the company's financial structure.

Quantified Achievements & Strategic Wins

Before becoming CFO, Katz was the Executive Vice President of Finance and the Chief Strategy Officer. His achievements are largely tied to fundamentally restructuring Voya's balance sheet:

• De-Risking the Balance Sheet: Katz was a central architect in the strategic divestiture and sale of Voya’s highly capital-intensive individual life insurance and annuities businesses. This moved the company away from heavy balance-sheet risk and transformed Voya into a "capital-light, higher-return" franchise.
• The OneAmerica Acquisition: He played an instrumental role in Voya's acquisition of OneAmerica Financial’s full-service retirement business (closed in early 2025). This deal directly added $60 billion in assets to Voya's portfolio and was projected to contribute $200 million in revenue and $75 million in operating earnings in its first year (2025).
• IPO Execution: Katz was a key player in successfully executing Voya’s initial public offering (IPO) in 2013, which spun the company out from ING Group.
• Segment Profitability: Prior to his enterprise-wide roles, he served as the segment CFO for Voya's Employee Benefits business, which has seen its pre-tax operating earnings scale significantly over the last decade.

Failures and Drawdowns

Public financial filings, earnings call transcripts, and corporate disclosures do not quantify specific, major strategic "failures" or massive drawdowns directly attributed to Katz. Because he spent years as a core architect of the corporate strategy under the previous and current CEOs, the general struggles of the company are shared at the executive committee level.

If looking for areas of historical friction during his tenure on the executive team:

• Integration Margin Compression: While the acquisitions he helped structure (like Benefitfocus) ultimately scaled to profitability, they initially created significant margin compression and earnings headwinds in the Health Solutions segment throughout 2023 and 2024 before stabilizing in 2025.
• Capital Return vs. Investment: During his time leading strategy, the firm has occasionally faced analyst pressure on whether its aggressive capital return strategy (returning $800 million to shareholders in 2024 alone) was leaving enough capital to organically grow the business at a faster rate than competitors.