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Prudential Plc unit unveils further leadership changes ahead of demerger

Prudential Plc unit unveils further leadership changes ahead of demerger | Insurance Business

Prudential Plc unit unveils further leadership changes ahead of demerger

Jackson Financial Inc (JFI) – the US business which will be separated from London-headquartered and Asia-focussed parent Prudential Plc through a demerger instead of an initial public offering – has updated its leadership team, in addition to the management appointments announced by Prudential last week.

In a release, JFI said chief information officer Dev Ganguly will take on the chief operating officer position effective immediately, while Julia Goatley is making a comeback on February 16 in an interim role as general counsel. Goatley, who was senior vice president for insurance legal before she left the company in 2019, replaces departing Andrew Bowden.

The changes come hot on the heels of Prudential’s earlier pronouncement about former JFI executive vice president and COO Laura Prieskorn becoming chief executive, and Marcia Wadsten moving up from senior vice president and chief actuary to chief financial officer. The duo succeeded no-longer-connected Michael Falcon and Axel Andre, respectively, with immediate effect.

Meanwhile the leadership line-up at JFI – the holding company and direct parent of Jackson Holdings LLC (JHLLC), the indirect subsidiaries of which include Jackson National Life Insurance Company and PPM America Inc – also consists of Aimee DeCamillo, who will continue as chief commercial officer and Jackson National Life Distributors LLC president.

Also keeping their current posts are chief risk officer Brad Harris and JHLLC vice chair Chad Myers. The latter, however, is also taking on responsibility for investor relations and government relations. Senior vice presidents Dana Rapier and Stacey Schabel remain as chief human resources officer and chief audit executive, respectively.

Meanwhile JFI noted: “Jackson’s separation from Prudential remains on track, with plans to proceed with a spin-off in the second quarter of 2021.”