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January 25, 2008 at 11:55 AM
Prudential Financial Inc. has announced a series of high-level executive changes.
John Strangfeld, who succeeded Arthur Ryan as chief executive officer of Prudential, Newark, N.J., and is set to succeed Ryan as chairman in May, has named Mark Grier to serve in an “office of the chairman.”
Grier, a vice chairman at Prudential, will continue to be a vice chairman, Prudential says.
Grier will continue to oversee areas such as finance and risk management, and he also will lead a “global strategic initiatives” office, which will oversee Prudential’s business in China and the company’s international retirement operations.
Prudential also has:
- Promoted Rich Carbone, the company’s chief financial officer, to executive vice president, from senior vice president.
- Promoted Bernard Winograd, the chief executive of Prudential Investment Management, to executive vice president of the parent company.
- Named Charles Lowrey, head of Prudential Real Estate Investors, to be head of Prudential’s asset management business.
- Named Edward Baird to be an executive vice president and head of Prudential’s international division. Baird has been president of group insurance. Before that, he was in charge of the company’s asset management business in Japan.
- Promoted Lori High, head of group insurance sales and marketing, to succeed Baird as president of group insurance.
- Promoted Kazuo Maeda, head of the Prudential life insurance businesses in Japan, to executive vice president. Maeda will continue to run Prudential’s Japanese businesses.
In other personnel news:
- Massachusetts Mutual Life Insurance Company, Springfield, Mass., says it will be setting up regional retirement services teams that include both relationship managers and account managers.
The teams will be led by 4 newly appointed assistant vice presidents of service, according to MassMutual.
