Prudential Financial, Inc. has announced multiple senior management changes in its U.S., international and group businesses. The appointments were made to align the company’s priorities with its talent management strategy.
Ed Baird, EVP and COO of Prudential’s International division, will retire on April 4. He previously served as president of Prudential’s Group Insurance business, chairman and president of Pruco Life Insurance and chief representative of Prudential Investment Management.
The top international post will be filled by Charles F. Lowrey, EVP and COO of Prudential’s U.S. businesses, which include Prudential Investment Management, Prudential Retirement, Prudential Annuities, Individual Life Insurance and Group Insurance. He was formerly the president and CEO of Prudential Investment Management and Prudential Real Estate Investors.
Steve Pelletier, CEO of Prudential’s Group Insurance division, has been appointed EVP of U.S. Businesses. He was formerly president of Prudential Annuities. Pelletier will be succeeded by Lori Fouché, current president and COO of Group Insurance, who will assume the role of SVP for U.S. Businesses.
“Taken together, these changes demonstrate how much time and attention we put into talent management at Prudential, including succession planning, talent development, diversity, teamwork and collaboration,” says John Strangfeld, Prudential chairman and CEO. “We see talent management as one of the most important things we do, and I know that the management changes announced today will position the company well for our future growth.”