PUK - Prudential names Manulife exec as Group CEO
Prudential (NYSE:PUK) appointed Anil Wadhwani as Group CEO, effective February 25, 2023. The company said Wadhwani will join from Manulife (MFC), where he served as president & CEO, Manulife Asia. Prior to that he spent 25 years with Citi in Asia Pacific, Europe, the Middle East, Africa and the U.S., in several consumer financial services roles. Wadhwani's annual salary will be ~HK$12.28M, among other compensation items. Wadhwani's appointment is subject to regulatory approval from the Hong Kong Insurance Authority, the company said in a May 25 press release. Prudential added that Mark FitzPatrick, interim group CEO, will continue to lead the business and will help Wadhwani in his transition. The company added that Nic Nicandrou, CEO, Asia and Africa will be leaving to seek opportunities. Prudential noted that with the announcement of the appointment of a permanent Group CEO, the role of CEO, Asia and Africa will cease.
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Prudential names Manulife exec as Group CEO