31 Mar 2022

Prudential confirms leadership changes as previously announced

Following the announcement on 10 February 2022 regarding leadership changes, Prudential plc (“Prudential” or the “Company”), confirms that Mike Wells will retire as Group CEO and as a Director of Prudential with effect from today. 

As part of the orderly succession process of the management team, effective 1 April 2022 Mark FitzPatrick will become Interim Group CEO.

Mr FitzPatrick will retain this position while the Board is conducting a search for a Group CEO, which includes both internal and external candidates. Thereafter he will step down from the Board and remain available to the Company as an adviser for a period. 

James Turner, formerly Group Chief Risk & Compliance Officer, will become Group CFO, succeeding Mr FitzPatrick. 

Avnish Kalra, formerly Chief Risk Officer for the Group’s Asian and African businesses, will succeed Mr Turner as Group Chief Risk & Compliance Officer and will join the Group Executive Committee.

Both Mr Turner and Mr Kalra will also assume their roles effective 1 April 2022.

Prudential confirms that there is no further information required to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

ENDS

Enquiries:

Media   Investors/Analysts  
Simon Kutner +44 (0)7581 023260 Patrick Bowes +44 (0)20 3977 9702
Tan Ping Ping +65 9845 8904 William Elderkin +44 (0)20 3977 9215
Darwin Lam +852 2918 6348

About Prudential plc
Prudential plc provides life and health insurance and asset management in Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people’s wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 18 million life customers and is listed on stock exchanges in London (PRU), Hong Kong (2378), Singapore (K6S) and New York (PUK). Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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Prudential plc is an international company incorporated in the United Kingdom, and its affiliated companies constitute one of the world’s leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world, and it has been in existence for over 170 years. Prudential plc is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America, or the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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