As initially announced on 25 May 2022, Anil Wadhwani will join Prudential plc (Prudential) on 25 February 2023, as Chief Executive. He will present 2022 Full Year Results on 15 March 2023 and will begin meeting with investors and stakeholders thereafter.
Accordingly, Mark FitzPatrick who has been the Chief Executive since 1 April 2022, will be stepping down from his role and from the Board on 24 February 2023. As previously confirmed, Mark FitzPatrick will remain available as an adviser to the company for a period.
What does the reshuffle mean for Prudential?
Commenting on the reshuffle, Shriti Vadera, Chair, Prudential, said: “On behalf of the Board, I would like to thank Mark for his dedication, hard work and for the significant impact he has had on the progress and transformation of Prudential during his time as CFO and COO, and in particular in leading the Company as interim Chief Executive.”
“With Anil’s appointment, Prudential has now completed the move of its entire senior management team to Asia. We are delighted to welcome Mr Wadhwani,” Vadera said.
What does the appointment mean for Wadhwani?
Commenting on his appointment, Mr Wadhwani said: “I am thrilled to join the team at such an exciting time in the development of its Asian and African operations and am looking forward to meeting customers, colleagues, investors and key stakeholders.”
Mr Wadhwani joined the Board on 25 February 2023 as an Executive Director. He also joined the Board of Prudential Corporation Asia Limited, a subsidiary of Prudential, on 25 February 2023. His emoluments as disclosed on 25 May 2022, remain unchanged and are payable in accordance with his service contract and the Directors’ Remuneration Policy.