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 February, 2021
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-
4 February 2021
Prudential plc appoints Chua Sock Koong and Ming Lu as
Non-Executive Directors
Prudential plc (Prudential) has appointed two Non-Executive
Directors with pan-Asian experience to join its Board on 1 May
2021.
Chua Sock Koong has 30 years' experience of business leadership and
operations throughout Asia. She led Singtel Group, one of Asia's
largest telecoms businesses, for 13 years as Group Chief Executive,
following seven years as Group Chief Financial Officer. Ms Chua is
a Non-Executive Director of Bharti Airtel Limited in India and a
Member of Singapore's Council of Presidential
Advisors.
Ming Lu has over 30 years' experience of investing and developing
businesses throughout the Asia Pacific region. He has been with KKR
since 2006 and is currently a Partner and Head of KKR Asia Pacific,
playing a leadership role in KKR Asia's growth and expansion. He
has held various operating and investing positions throughout his
career, including working for eight years at CITIC, one of China's
largest businesses. Mr Lu is an independent Non-Executive Director
of Jones Lang LaSalle Inc.
Shriti Vadera, Chair of Prudential plc, said: "The Board is
appointing individuals with the experience and skills to guide
Prudential's transformation into a business focused exclusively on
Asia and Africa. I am therefore delighted that Chua Sock Koong and
Ming Lu are joining the Board. Chua Sock Koong has had a
distinguished career with operational experience in many of our key
markets, while Ming Lu has a long track record of investing and
developing businesses throughout Asia."
The Board has established for the period up to the 2022 AGM a
Responsibility & Sustainability Working Group, to be chaired by
Alice Schroeder, which will oversee the embedding of Prudential's
new ESG framework and progress on diversity and inclusion
initiatives and employee engagement activities. The Board has also
made the following changes to Committee membership (effective
immediately unless otherwise stated):
-
Jeremy Anderson joins the Responsibility & Sustainability
Working Group and steps down from the Nomination & Governance
Committee;
-
Fields Wicker-Miurin and Kai Nargolwala also join the
Responsibility & Sustainability Working Group;
-
David Law joins the Remuneration Committee and steps down from the
Nomination & Governance Committee;
-
Tom Watjen joins the Nomination & Governance Committee;
and
-
Amy Yip will join the Audit Committee and step down from the
Remuneration Committee (from 3 March 2021).
Contacts
Media
|
|
Investors/Analysts
|
|
Jonathan
Oliver
|
+44
(0)20 3977 9500
|
Patrick
Bowes
|
+44
(0)20 3977 9702
|
Tom
Willetts
|
+44
(0)20 3977 9760
|
William
Elderkin
|
+44
(0)20 3977 9215
|
Notes to Editors
About Chua Sock Koong
Chua Sock Koong led Singtel Group, one of Asia's largest
telecoms businesses, for 13 years as Group Chief Executive and
seven years as Group Chief Financial Officer. She was
appointed as a Member of Singapore's Public Service Commission in
January 2009 and became Deputy Chairman in January 2020. Ms
Chua sits on the boards of Bharti Airtel Limited, Bharti Telecom
Limited, the Defence Science and Technology Agency and Cap Vista
Pte Ltd. She is a Member of Singapore's Council of Presidential
Advisors and Research, Innovation and Enterprise Council, and is a
Fellow Member of the Institute of Singapore Chartered Accountants.
She is a CFA Charterholder and holds a degree in Accountancy from
the University of Singapore. Age 63.
About Ming Lu
Ming Lu is a Partner and the Head of Asia Pacific at KKR. He
joined KKR in 2006 and currently serves as a member of the KKR
Asian Private Equity Investment Committee, KKR Asian Portfolio
Management Committee and KKR Investment, Management and
Distribution Committee. Mr Lu has played a significant role in
private equity investments across Asia Pacific. Since 2018, he has
played a leadership role in KKR Asia's growth and expansion,
including serving as a member of the Asian Infrastructure
Investment Committee and Asian Real Estate Investment Committee. He
is a Non-Executive Director of Jones Lang LaSalle, Inc. and a
director of Goodpack Limited. He was previously a Partner at CCMP
Capital Asia (formerly J.P. Morgan Partners Asia). At J.P. Morgan
Partners Asia, Mr Lu was responsible for investments in the
automotive, consumer and industrial sectors in Korea, China, Japan,
Australia and South East Asia. Prior to joining J.P. Morgan
Partners Asia in 1999, Mr Lu was President of Asia Pacific at Lucas
Varity, a leading global automotive component supplier. From 1993
to 1997, Mr Lu worked for Kraft Foods International Inc. From 1985
to 1993, he worked for CITIC, the largest direct investment firm in
China. Mr Lu received a B.A. in Economics from Wuhan University of
Hydroelectrical Engineering in China and an M.B.A. from University
of Leuven in Belgium. Age 62.
Shareholding
Neither Ms Chua nor Mr Lu hold any interest in any 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
Non-Executive Directors are not eligible to participate in annual
bonus plans, long-term incentive plans or pension arrangements.
Their fees are determined by the Board and reflect their individual
responsibilities, including committee membership as
appropriate.
The annual fee for Ms Chua and Mr Lu at appointment as
Non-Executive Directors will consist of a basic fee of £99,000
each.
Regulatory disclosures
Ms Chua and Mr Lu are considered independent for the purposes of
the UK Corporate Governance Code and the Hong Kong Listing
Rules.
Ms Chua and Mr Lu will join the Board of Prudential Corporation
Asia Limited, a wholly owned subsidiary of Prudential, on 1 May
2021. Following the change of Group-wide supervisor in October 2019
to the Hong Kong Insurance Authority, the composition of the Board
of Prudential Corporation Asia Limited mirrors the Prudential
Board.
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: 04 February
2021
|
PRUDENTIAL
PUBLIC LIMITED COMPANY
|
|
|
|
By: /s/ Thomas S Clarkson
|
|
|
|
Thomas
S Clarkson
|
|
Company
Secretary
|