On December 3, 2024, Prudential Financial, Inc. announced that the Board of Directors has appointed Andrew F. Sullivan as the Company?s President and a member of the Board, effective March 31, 2025. Mr. Sullivan, who is currently the Company?s Executive Vice President and Head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey, who will remain with the Company as Executive Chairman. Caroline A. Feeney, who is currently the Company?s Executive Vice President and Head of U.S. Businesses, has been appointed to the newly created position of Executive Vice President and Global Head of Insurance and Retirement, effective March 31, 2025.

Having successfully led Prudential?s U.S. Businesses since 2021, Caroline Feeney will expand her role to become Global Head of Insurance and Retirement, a newly created position overseeing Prudential?s domestic and international insurance and retirement businesses, effective March 31, 2025. Feeney and incoming head of PGIM Jacques Chappuis will both report to Sullivan in his role as CEO.