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 April, 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-
30 April 2021
Jackson names Independent Directors and
Update on Prudential plc Board Appointments
Jackson Financial Inc. ("Jackson"), the US business of Prudential
plc ("Prudential"), today announces additional independent
directors ahead of its planned separation from Prudential. These
appointments to the Jackson Board of Directors (the "Jackson
Board") are expected to become effective upon completion of the
proposed demerger.
At that time, the Jackson Board will include Non-Executive Chair
Steven Kandarian and Jackson Chief Executive Officer Laura
Prieskorn, who will serve as an executive director. The additional
independent directors include:
● Gregory T.
Durant: Durant currently
serves as Vice Chairman of Deloitte LLP, where during his career,
among other responsibilities, he oversaw Deloitte's policy and
government relations efforts to navigate the impact of public
policies on the profession, the capital markets and the
economy.
● Derek G.
Kirkland: Kirkland is the
former Managing Director and Co-Head of the Global Financial
Institutions Group at Morgan Stanley's Financial Institutions Group
in Investment Banking, where he advised many notable companies on
M&A and capital raising.
● Martin J.
Lippert: Lippert is the
former Executive Vice President and Head of Global Technology and
Operations at MetLife, where he oversaw digital strategy and
customer service for the company's global operations, and led
MetLife Holdings, the former U.S. Retail
segment.
● Russell G.
Noles: Noles is the former
Executive Vice President and Chief Operating Officer of Nuveen, a
subsidiary of Teachers Insurance & Annuity Association (TIAA),
where he oversaw the company's finance, information technology,
operations and risk management functions.
● Esta E.
Stecher: Stecher is the
Chair of Goldman Sachs Bank USA and serves as a board member of
several material banking and investment banking
subsidiaries.
Two additional independent board members will be identified at or
following completion of the demerger. Committee assignments will be
made prior to the completion of the demerger.
Prudential plc Board appointments update
Further to the announcements made on 4 February 2021 and 18 March
2021, Prudential announces that the appointment of Chua Sock Koong,
Ming Lu and Jeanette Wong as non-executive directors of the
Prudential Board, initially intended to occur on 1 May 2021, will
now take effect closer to the planned separation.
We continue to expect to complete the demerger of Jackson in the
second quarter of 2021, subject to shareholder and regulatory
approvals.
Upon appointment to the Board of Prudential, the non-executive
directors will join the following Board Committees:
- Chua
Sock Koong will join the
Audit Committee and Remuneration Committee;
- Ming
Lu will join the Risk Committee and Nomination & Governance
Committee; and
- Jeanette
Wong will join the Audit Committee and
Risk Committee.
Contacts
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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Note to Editors
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, a wholly-owned subsidiary of
Prudential, mirrors the Prudential Board. The
appointments of Chua Sock Koong, Ming Lu and Jeanette
Wong to the Board of Prudential Corporation Asia Limited will take
effect at the same time as their appointment to the Prudential
Board.
Prudential announced its intention on 28 January 2021 to demerge
Jackson, resulting in two separately-listed companies.
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.
About Jackson
Jackson is a leading provider of retirement products for industry
professionals and their clients. The company and its affiliates
offer variable, fixed and fixed index annuities designed for
tax-efficient growth and distribution of retirement income for
retail customers, as well as products for institutional investors.
Jackson is a proud founding member and co-chair of the Alliance for
Lifetime Income, a non-profit 501(c)(6) organization formed and
supported by 24 of the nation's financial services organizations to
create awareness and educate Americans about the importance of
protected lifetime income. With $326.5 billion in IFRS assets*, the
company prides itself on sound corporate risk management practices
and strategic technology initiatives. Focused on thought leadership
and education, Jackson provides industry insights and financial
representative training on retirement planning and alternative
investment strategies. The company is also dedicated to corporate
philanthropy and supports non-profits focused on strengthening
families and creating economic opportunities in the communities
where its employees live and work. For more information,
visit www.jackson.com.
* Jackson has $326.5 billion in total IFRS assets and $296.2
billion in IFRS policy liabilities set aside to pay primarily
future policy owner benefits (as of December 31,
2020).
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: 30 April 2021
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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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