What You Need to Know
- Prieskorn has been with Jackson for 31 years.
- She said the company is still on track to separate from Prudential by June 30.
Prudential PLC has moved quickly to change the senior leadership team of Jackson Financial Inc. while preparing to turn Jackson into a separate company.
The London-based life insurer — which has no connection with Prudential Financial Inc. of Newark, New Jersey — has replaced Jackson’s CEO, chief operating officer and chief financial officer, and named an interim general counsel, according to an announcement filed today with the U.S. Securities and Exchange Commission.
Laura Prieskorn, who has been Jackson’s executive vice president and chief operating officer, has taken over for Michael Falcon as CEO.
Marcia Wadsten, who was the company’s senior vice president and chief actuary, has succeeded Axel Andre as CFO.
Dev Ganguly, who has been Jackson’s senior vice president, chief information officer, has succeeded Prieskorn has the company’s COO.
Julia Goatley, who once worked for Jackson as senior vice president, insurance legal, and left the company in early 2019 will return Tuesday to be an interim general counsel. Andrew Bowden, who has been Jackson’s general counsel, is leaving Jackson, the company said.
Jackson said it’s making the changes because of a “review of Jackson’s management needs as a well-capitalized, independently listed company seeking to create shareholder value.”
Mike Wells, Prudential’s group CEO, said in a statement that Prudential is appointing an experienced leadership team with deep knowledge of the U.S. annuities market.
Prieskorn and Wadsten have both played important roles in building Prudential’s annuity operations, Wells said.