04 Jun 2001

Prudential announces senior management changes in its US operations

Prudential plc announced today that Jonathan Bloomer, Group Chief Executive, has mutually agreed with Bob Saltzman, President and Chief Executive Officer of Jackson National Life ("Jackson") and Chief Executive Officer of Prudential Portfolio Managers America ("PPMA"), that Mr Saltzman will resign and leave the Group on 31 December 2001 and relinquish day to day responsibility for the business from 30 June 2001.

Clark Manning, Jackson's Chief Operating Officer, will assume the role of Acting Chief Executive Officer of both Jackson and PPMA from 30 June. Mr Manning joined Jackson from SunAmerica Inc. in 1995 and became Chief Operating Officer in 1998.

Jonathan Bloomer, Prudential's Group Chief Executive, commented: "Bob Saltzman has played a significant role in the development of Jackson since he joined the Group in 1994. I would like to thank him for the enormous contribution he has made to the business and to wish him well for the future".

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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).