Mike Wells, Prudential Group Chief Executive Officer will retire from his role by March 2022, the insurance company recently announced.
Mike became Group CEO in the year 2015, while he first joined the Group in 1995. Mike Wells executed strategic demergers and helped boost the development of an Asian shareholder base with a successful equity issuance in the Hong Kong Stock Exchange.
The Board is conducting a search for a Group CEO to be based in Asia to succeed Wells, which includes both internal and external candidates.
The Board is directing a quest for a Group CEO to be situated in Asia to succeed Wells, which incorporates both inward and outside up-and-comers.
Mark FitzPatrick, at present Group CFO and COO, will become Interim Group CEO when Wells ventures down. As well as driving the Group and going on as COO, he will help the approaching Group CEO in finishing the progress interaction, as required. From there on he will venture down from the Board and stay accessible to the Company as a guide for a period.
FitzPatrick has been Group CFO of Prudential starting around 2017, assuming the extra job of COO in 2019.
Nic Nicandrou, CEO Asia and Africa, stays liable for driving all of Prudential’s extra security and resource the board organizations across Asia and Africa and will keep on zeroing in on their functional execution. Nicandrou is situated in Asia and has been CEO Asia and Africa since July 2017. He joined Prudential as Group CFO in 2009.
The Board has likewise reported that it will make two further arrangements, with impact from the finish of March 2022. James Turner, Group Chief Risk and Compliance Officer will turn into the Group CFO succeeding FitzPatrick. He joined Prudential in 2010, becoming Director of Group Finance in 2015.
He became Group Chief Risk Officer and joined the Board in 2018. Avnish Kalra, Chief Risk Officer for the Group’s Asian and African organizations starting around 2018, will succeed Turner as Group Chief Risk and Compliance Officer and will join the Group Executive Committee. Turner and Kalra will both keep on being situated in Hong Kong.
