Andrew Sullivan. Credit: Prudential Financial
Andrew Sullivan, the chief executive officer of Prudential Financial, will now also serve as the company's chairman, the Prudential board said Tuesday.
Charles Lowrey was Prudential's chairman and CEO from 2018 until March 2025, when Sullivan took over the CEO title.
Now that Lowrey has passed the chairman title on to Sullivan, Lowrey will serve as a senior advisor until June 30 and then retire, Prudential said.
What it means: Sullivan is now fully in charge of a life insurer, annuity issuer and asset manager with $1.6 trillion in assets under management and $68 billion in 2025 revenue.
The comments: Lowrey praised Sullivan in a comment included in the announcement about the chairman post change.
Lowrey called Sullivan a proven leader.
"I have great confidence in him and the broader leadership team as Prudential enters its next chapter," Lowrey said.
Sullivan thanked Lowrey for his contributions to the company.
"I have strong conviction in our strategy and the progress we're making," Sullivan said.
He said Prudential will "execute with discipline."
Credit: Andrew Sullivan/Prudential Financial
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