Prudential Financial Board of Directors Elects Andrew Sullivan as Next CEO
Prudential Financial (NYSE: PRU) announced significant leadership changes. Andrew Sullivan, currently executive vice president and head of International Businesses and Global Investment Management, will become CEO effective March 31, 2025, succeeding Charles F. Lowrey, who will serve as Executive Chairman for 18 months.
Sullivan oversees the International Insurance segment and PGIM, the firm's $1.4 trillion global investment management business. Caroline Feeney will become Global Head of Insurance and Retirement, while Vice Chair Robert Falzon will retire after 42 years with the firm, effective July 11, 2025.
The transition follows a thorough succession planning process, with the company aiming to create additional opportunities for collaboration and growth by bringing U.S. and international insurance and retirement businesses under one global division.
Prudential Financial (NYSE: PRU) ha annunciato importanti cambiamenti ai vertici aziendali. Andrew Sullivan, attualmente vicepresidente esecutivo e responsabile delle Attività Internazionali e della Gestione degli Investimenti Globale, diventerà CEO a partire dal 31 marzo 2025, succedendo a Charles F. Lowrey, che assumerà il ruolo di Presidente Esecutivo per 18 mesi.
Sullivan supervisiona il segmento Assicurazioni Internazionali e PGIM, il business di gestione degli investimenti globale dell'azienda, del valore di 1,4 trilioni di dollari. Caroline Feeney diventerà Responsabile Globale di Assicurazioni e Pensioni, mentre il Vicepresidente Robert Falzon andrà in pensione dopo 42 anni con l'azienda, a partire dall'11 luglio 2025.
Questa transizione segue un accurato processo di pianificazione della successione, con l'azienda che mira a creare ulteriori opportunità di collaborazione e crescita unendo le attività assicurative e previdenziali statunitensi e internazionali in una sola divisione globale.
Prudential Financial (NYSE: PRU) anunció cambios significativos en la dirección. Andrew Sullivan, actualmente vicepresidente ejecutivo y jefe de Negocios Internacionales y Gestión de Inversiones Globales, se convertirá en CEO a partir del 31 de marzo de 2025, sucediendo a Charles F. Lowrey, quien se desempeñará como Presidente Ejecutivo durante 18 meses.
Sullivan supervisa el segmento de Seguros Internacionales y PGIM, el negocio de gestión de inversiones global de la firma, que asciende a 1.4 billones de dólares. Caroline Feeney será la Jefa Global de Seguros y Jubilaciones, mientras que el Vicepresidente Robert Falzon se retirará después de 42 años con la firma, a partir del 11 de julio de 2025.
La transición sigue un exhaustivo proceso de planificación de la sucesión, con la empresa buscando crear más oportunidades de colaboración y crecimiento al reunir las operaciones de seguros y jubilaciones de EE. UU. e internacionales bajo una misma división global.
프루덴셜 파이낸셜 (NYSE: PRU)가 중요한 리더십 변화를 발표했습니다. 앤드류 설리반은 현재 국제 비즈니스 및 글로벌 투자 관리 책임을 맡고 있으며, 2025년 3월 31일부터 CEO로 취임하게 됩니다. 그는 18개월 동안 집행 회장으로 활동할 찰스 F. 로어리의 뒤를 잇습니다.
설리반은 국제 보험 부문과 1.4조 달러 규모의 글로벌 투자 관리 비즈니스인 PGIM을 감독합니다. 캐롤라인 피니는 글로벌 보험 및 퇴직 책임자가 되고, 부회장 로버트 팔존은 42년간의 직장 생활을 마치고 2025년 7월 11일부로 은퇴합니다.
이번 전환은 철저한 승계 계획 프로세스를 따르며, 회사는 미국 및 국제 보험 및 퇴직 비즈니스를 하나의 글로벌 부서로 통합하여 협업 및 성장 기회를 늘리는 것을 목표로 하고 있습니다.
Prudential Financial (NYSE: PRU) a annoncé des changements importants au niveau de la direction. Andrew Sullivan, actuellement vice-président exécutif et responsable des activités internationales et de la gestion d'investissements mondiaux, sera le nouveau PDG à partir du 31 mars 2025, succédant à Charles F. Lowrey, qui exercera les fonctions de Président Exécutif pendant 18 mois.
Sullivan supervise le segment des assurances internationales et PGIM, le secteur de gestion d'investissements mondiaux de l'entreprise, d'une valeur de 1,4 trillion de dollars. Caroline Feeney deviendra Responsable Mondiale des Assurances et de la Retraite, tandis que le vice-président Robert Falzon partira à la retraite après 42 ans dans l'entreprise, à compter du 11 juillet 2025.
La transition fait suite à un processus minutieux de planification de la succession, avec pour objectif de créer davantage d'opportunités de collaboration et de croissance en regroupant les activités d'assurances et de retraites américaines et internationales au sein d'une seule division mondiale.
Prudential Financial (NYSE: PRU) hat bedeutende Veränderungen in der Unternehmensführung angekündigt. Andrew Sullivan, derzeit Executive Vice President und Leiter der Internationalen Geschäfte sowie des Global Investment Management, wird ab dem 31. März 2025 CEO und folgt auf Charles F. Lowrey, der für 18 Monate als Vice Chairman tätig sein wird.
Sullivan überwacht den Bereich Internationale Versicherungen und PGIM, das globale Investmentmanagementgeschäft des Unternehmens im Wert von 1,4 Billionen Dollar. Caroline Feeney wird die globale Leiterin für Versicherungen und Altersvorsorge, während der Vizepräsident Robert Falzon nach 42 Jahren im Unternehmen am 11. Juli 2025 in den Ruhestand gehen wird.
Der Übergang folgt einem gründlichen Nachfolgeplanungsprozess, wobei das Unternehmen zusätzliche Möglichkeiten für Zusammenarbeit und Wachstum schaffen möchte, indem es die amerikanischen und internationalen Versicherungs- und Altersvorsorgegeschäfte in einer globalen Division zusammenführt.
- Structured leadership transition plan ensuring continuity
- Consolidation of U.S. and international operations under single leadership for improved synergy
- New CEO brings extensive experience with both international and domestic operations
- Management of $1.4 trillion global investment management business demonstrates strong operational capability
- Multiple simultaneous leadership changes could create temporary organizational uncertainty
- Loss of 42-year veteran executive Robert Falzon might impact institutional knowledge
- Andrew Sullivan appointed CEO effective March 31, 2025
- Caroline Feeney named Global Head of Insurance and Retirement, effective March 31, 2025
- Charles F. Lowrey to continue in role of Executive Chairman for 18 months
- Robert Falzon, Vice Chair, to retire after 42 years with the firm, effective July 11, 2025
- Transition marks culmination of a thorough succession planning process
Charles F. Lowrey will step down as CEO of Prudential Financial on March 31, 2025 and will remain as Executive Chairman of the Board for 18 months. (Photo: Business Wire)
As part of Prudential’s executive leadership team, Sullivan has played an important role in driving the company’s strategy. He currently oversees both the company’s International Insurance segment and PGIM, the firm’s
“Andy is an exceptional leader who brings a deep understanding of our businesses, our strategy, our people, and our customers to this role, and I have every confidence that he is the right leader to take Prudential into the future,” said Lowrey. “As we approach the 150th anniversary of Prudential’s founding, now is the right time to elevate the next generation of leadership, and I look forward to continuing to support Andy in my role as Executive Chairman.”
“I am honored to have the opportunity to lead this company as it embarks on its next chapter,” said Sullivan. “I would like to thank Charlie and the Board of Directors for their confidence and trust in me. Under Charlie’s leadership, Prudential has made substantial progress towards becoming a higher growth, more capital-efficient company, refined its business mix, invested in technology, and innovated new products. I look forward to working with Prudential’s leadership team and employees to advance our strategy and expand Prudential’s position as a leader in investing, insurance, and retirement security,” said Sullivan.
Having successfully led Prudential’s
“We see significant synergies across our
The Board also announced that Vice Chair Robert Falzon will step down from the Board, effective March 31, 2025, and retire from Prudential, effective July 11, 2025. Falzon’s 42-year career with Prudential has seen him serve as executive vice president and CFO of Prudential, as well as company treasurer and managing director of PGIM Real Estate, head of PGIM’s Global Merchant Banking and Global Real Estate Securities groups and CEO of its European business.
“On behalf of the Board, I would like to thank Charlie for his leadership and continued commitment to Prudential,” said Michael A. Todman, Prudential’s Lead Independent Director. “Among many other achievements, Charlie was the principal architect of a complex strategic transformation that has positioned Prudential to be a nimble, dynamic, and high-growth company for years to come. After thoroughly considering a diverse array of candidates for the CEO role, the Board is confident that Andy is the right leader to continue this progress. I also want to thank Rob for his leadership and his many contributions to Prudential and wish him well in his retirement.”
ABOUT PRUDENTIAL
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20241203419178/en/
Media
Bill Launder
Head of Corporate Communications
bill.launder@prudential.com
Source: Prudential Financial, Inc.
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