On March 23, 2023, Prudential Financial, Inc announced that it has received a shareholder proposal from John Chevedden requesting the Company Board of Directors to adopt an enduring policy and amend the governing documents as necessary in order that 2 separate people hold the office of the Chairman and the office of the CEO. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on May 9, 2023.