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 December,
2020
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
1 Angel Court, London,
England, EC2R 7AG
(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-
3 December 2020
Shriti Vadera to succeed Paul Manduca as Chair on 1 January
2021
Further to the announcement on 30 January 2020, the Board has today
confirmed that Shriti Vadera will succeed Paul Manduca as Chair of
Prudential's Board and as Chair of its Nomination & Governance
Committee with effect from 1 January 2021.
Paul Manduca will step down from the Board with effect from 31
December 2020, having served as a Non-Executive Director since 2010
and as Chairman since 2012.
Enquiries:
Media
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Investors/Analysts
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Jonathan Oliver
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+44 (0)20 3977 9500
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Patrick Bowes
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+44 (0)20 3977 9702
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Tom Willetts
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+44 (0)20 3977 9760
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William Elderkin
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+44 (0)20 3977 9215
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Notes to Editors:
About Shriti Vinodkant Vadera
Shriti Vadera began her career in investment banking with SG
Warburg/UBS in 1984, where she focused on markets in Asia, Africa
and South America. She was a member of the UK Government's Council
of Economic Advisers from 1999 to 2007, advising on domestic and
international issues including the UK Government's response to the
Asian financial crisis. She was a Minister in the UK Government
from 2007 to 2009 in the Department for International Development,
Cabinet Office and Department for Business, Innovation
and Skills, working on issues such as the UK Government's response
to the global financial crisis and its Presidency of the G20.
Shriti Vadera was a Senior Adviser to the Korean Presidency of the
G20 from 2009 to 2010. She also acted as an adviser to investors
and governments - including Temasek, the global investment company
headquartered in Singapore - on strategy and markets, the Eurozone
crisis, the banking sector and debt restructuring from 2010 to
2014. She was a Non-Executive Director of AstraZeneca plc from 2011
to 2018. Shriti Vadera was Chair of the European Financial Services
Chairmen's Advisory Committee from June 2016 to January 2019. She
was Chair of Santander UK Group Holdings plc from 2015 to October
2020. She also served on the Board of BHP as a Non-Executive
Director from 2011 - and as Senior Independent Director from 2015 -
until October 2020. She was a Trustee of Oxfam from 2000 to
2005. She holds a degree in Philosophy, Politics and Economics from
the University of Oxford. Age 58.
Shareholding
Shriti Vadera holds
67,500 ordinary shares of Prudential plc.
Length of service
Non-Executive Directors are usually appointed for an initial
three-year term. They are typically expected to serve for two
three-year terms, although the Board may invite them to serve for
an additional period.
Remuneration
The Chair is not eligible to participate in annual bonus plans,
long-term incentive plans or pension arrangements. The Chair's fee
is determined by the Remuneration Committee.
Shriti Vadera's annual fee at appointment as Chair of the Board
will consist of a basic fee of £765,000.
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.
About Prudential plc
Prudential plc is an Asia-led portfolio of businesses focused on
structural growth markets. The business helps people get the most
out of life through life and health insurance, and retirement and
asset management solutions. Prudential plc has 20 million customers
and is listed on 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, nor with The
Prudential Assurance Company Limited, a subsidiary of M&G plc,
a company incorporated in the United Kingdom.
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: 3 December 2020
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PRUDENTIAL
PUBLIC LIMITED COMPANY
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By: /s/ Thomas S Clarkson
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Thomas
S Clarkson
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Company
Secretary
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