Prudential plc confirmed that Mike Wells will retire as Group CEO of the company with effect from 31 March 2022. As part of the orderly succession process of the management team, effective 1 April 2022 Mark FitzPatrick will become Interim Group CEO. Mr. FitzPatrick will retain this position while the Board is conducting a search for a Group CEO, which includes both internal and external candidates.

Thereafter he will step down from the Board and remain available to the Company as an adviser for a period.