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Stock impact report

Prudential CEO to retire after 10 years in the role [MarketWatch]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: MarketWatch
Prudential CEO to retire after 10 years in the role Prudential Financial Inc. PRU, -1.05% said Wednesday Chief Executive John Strangfeld will retire, effective Nov. 30, after about 10 years in the role. The insurer said Charles Lowrey, who has been chief operating officer since April 2014, will be the next CEO. Strangfeld will remain non-executive chairman until April 5, 2019, after which Lowrey will assume the role of chairman. Separately, the company said named Chief Financial Officer Robert Falzon as vice chairman, to succeed current Vice Chairman Mark Grier in December 2018. Grier, who joined the company as CFO in May 1995, will step down from the board of directors in August 2019. The stock was indicated fractionally lower in premarket trade. It has lost 15.1% year to date through Tuesday, while the SPDR S&P Insurance ETF KIE, +0.06% has gained 3.8% and the S&P 500 SPX, +0.37% has advanced 8.0%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bull Show less Read more
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