M&GPrudential’s board composition now ready for demerger

New member has held plenty of top positions

M&GPrudential’s board composition now ready for demerger

Insurance News

By Terry Gangcuangco

“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.


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