M&GPrudential’s board composition now ready for demerger

M&GPrudential’s board composition now ready for demerger | Insurance Business

M&GPrudential’s board composition now ready for demerger

“Set for demerger” is how Prudential Plc describes the board composition of its UK and European savings and investments business M&GPrudential, which has appointed an additional non-executive director (NED) tasked with chairing the audit committee.

With the arrival of PricewaterhouseCoopers veteran Clare Thompson, M&GPrudential’s roster of board members is now finalised in time for the firm’s imminent split with its parent company. In March three NEDs joined the line-up.

“I am delighted that Clare is joining the board,” commented M&GPrudential chairman Mike Evans. “She has a wealth of experience from a distinguished career in global financial services and as a non-executive director.

“Her appointment enhances the new board of M&GPrudential as we prepare for demerger and our future as a stand-alone, publicly listed company.”

Currently Thompson is also a NED at insurers Bupa and Direct Line Group.