Prudential appoints Andrew Sullivan as CEO effective March 31, 2025; Lowrey becomes Executive Chairman

PRUDENTIAL FINANCIAL INC

Andrew Sullivan, currently EVP International & Global Investment Mgmt, named CEO effective March 31, 2025.
Charles Lowrey transitions to Executive Chairman for 18 months; target comp $6M (salary $1M, incentive $3M, LTI $2M).
Caroline Feeney promoted to Global Head of Insurance and Retirement overseeing US & international businesses.
Vice Chair Robert Falzon to retire effective July 11, 2025 after 42 years.
Sullivan's target total compensation set at $18.8M ($1.2M salary, $13.2M LTI).

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