Prudential Financial Board of Directors Appoints Chief Executive Officer Andrew Sullivan as Chairman

Core Viewpoint - Prudential Financial has appointed Andrew Sullivan as Chairman of the Board, in addition to his role as CEO, effective March 10, 2026, succeeding Charles Lowrey, who will retire after 25 years with the company [1][1][1] Group 1: Leadership Transition - Andrew Sullivan will take on the role of Chairman while continuing as CEO, indicating a consolidation of leadership at Prudential [1][1] - Charles Lowrey, who served as Executive Chairman and CEO, will remain as a senior advisor until his retirement at the end of Q2 2026 [1][1] - Lowrey's tenure included significant contributions to Prudential's growth and stability, particularly during the COVID-19 pandemic [1][1] Group 2: Company Performance and Strategy - Prudential Financial reported approximately $1.6 trillion in assets under management as of December 31, 2025, highlighting its position as a global financial services leader [1][1] - Sullivan expressed confidence in Prudential's strategy and progress, emphasizing the company's commitment to delivering long-term value for customers and shareholders [1][1] - The leadership transition is seen as a pivotal moment for Prudential as it enters a new phase of growth [1][1]