SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of March, 2018
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
LAURENCE POUNTNEY HILL,
LONDON, EC4R 0HH, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover Form 20-F or Form 40-F.
Form
20-F X
Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes
No X
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in connection with Rule 12g3-2(b): 82-
1 March
2018
James Turner appointed Group Chief Risk Officer and Executive
Director
Prudential plc ("Prudential") today announces the appointment of
James Turner as Group Chief Risk Officer and as an Executive
Director on the Prudential Board with immediate
effect.
Mr Turner was previously Director of Group Finance at Prudential,
responsible for the delivery of the Group's financial results,
business planning and performance monitoring. In that role,
he also led Prudential's Solvency II development and was
responsible for the Group Tax function. He joined Prudential
in 2010 as the Director of Group-wide Internal Audit.
He succeeds Pat Casey, who became Group Chief Risk Officer in
September 2017 on an interim basis, following the departure of
Penny James. Mr Casey will be retiring from the
Group.
Mike Wells, Group Chief Executive of Prudential, said: "I am
delighted that James is taking up this role. The prudent
management of risk is of the highest importance to all large global
financial services groups. Having worked with James for
several years, I know that his capacity for insightful analysis,
counsel and highly effective leadership will put us in a strong
position to continue managing the risks we face in a rapidly
changing global environment. I would also like to take this
opportunity to thank Pat Casey for his contribution to the Group
over the past 14 years and wish him well in his
retirement."
Paul Manduca, Chairman of Prudential, said: "I would like to
welcome James to the Board. Succession planning is taken
seriously by the Board and James's appointment is yet another
example of the strength and depth we have in our leadership
team."
James Turner said: "Prudential has a successful business model that
is focused on delivering products and services that are valued by
our customers and are profitable for our investors. Given the
uncertain and changing global landscape we face, I look forward to
working with both the Board and the executive leadership team to
ensure that Prudential is ready to respond nimbly to emerging
threats and can continue delivering long-term value for all our
stakeholders."
Enquiries:
Media
|
|
Investors/Analysts
|
|
|
|
Jonathan Oliver
|
+44 (0)20 7548 3537
|
Chantal Waight
|
+44 (0)20 7548 3039
|
|
|
Jonathan Miller
|
+44 (0)20 7548 2776
|
Richard Gradidge
|
+44 (0)20 7548 3860
|
|
|
|
|
William Elderkin
|
+44 (0)20 3480 5590
|
|
|
|
|
|
|
|
|
Notes to Editors:
About Stuart James Turner FCA, FCSI, FRM
Mr
Turner joined Prudential in November 2010 as the Director of
Group-wide Internal Audit and was appointed Director of Group
Finance in September 2015, reporting to the Group Chief Financial
Officer. In this role his principal responsibility was
the delivery of the Group's internal and external financial
reporting. Mr Turner was responsible for business planning and
performance monitoring and he also led the development of the
Group's Solvency II internal model and was responsible for capital
and liquidity planning. Prior to joining Prudential, Mr
Turner was the Deputy Head of Compliance for
Barclays. He also held a number of senior internal audit
roles across the Barclays group, leading teams that covered the UK,
the US, Western Europe, Africa and Asia retail and commercial
banking activities. Prior to Barclays, Mr Turner led
internal audit teams in UBS in both the UK and
Switzerland.
Mr
Turner is also a non-executive director of West Bromwich Building
Society. Age 48.
Employment details
Prudential
is committed to full disclosure of the remuneration of its
Executives.
James
Turner's basic salary will be £625,000. He will have a maximum
bonus opportunity of 160 per cent of base salary under the Annual
Incentive Plan. Long-term incentive awards will be 250 per
cent of base salary.
Mr
Turner has not been appointed for a fixed term but his service
contract contains a notice provision under which either party may
terminate upon 12 months' notice.
Regulatory disclosures
Save as
disclosed above, there is no further information required to be
disclosed pursuant to Listing Rule 9.6.13(1) - (6) of the Listing
Rules of the Financial Conduct Authority and Rule 13.51(2) of the
Rules Governing the Listing of Securities on The Stock Exchange of
Hong Kong Limited. Mr Turner has confirmed that there
are no other matters that need to be brought to the attention of
shareholders of Prudential.
Shareholding details
Mr
Turner has a total beneficial interest in 9,701 Prudential shares;
awards over 82,976 Prudential shares subject to performance
conditions and an option over 1,237 Prudential shares in the UK
Prudential Savings-Related Share Option Scheme.
About Prudential plc
Prudential
plc and its affiliated companies constitute one of the world's
leading financial services groups, serving around 24 million
insurance customers, with £635 billion of assets under
management (as at 30 June 2017). Prudential plc is incorporated in
England and Wales and is listed on the stock exchanges in London,
Hong Kong, Singapore and New York. Prudential plc is not affiliated
in any manner with Prudential Financial, Inc., a company whose
principal place of business is in the United States of
America.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Date: 01
March 2018
|
PRUDENTIAL
PUBLIC LIMITED COMPANY
|
|
|
|
By:
/s/ Alan Porter
|
|
|
|
Alan
Porter
|
|
Group
General Counsel and Company Secretary
|