SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of April, 2009
PRUDENTIAL PUBLIC LIMITED COMPANY
(Translation of registrant's name into English)
LAURENCE POUNTNEY HILL,
LONDON, EC4R 0HH, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
82-
Enclosures: Appointment of Chief Financial Officer
For immediate release: 27 April 2009
PRUDENTIAL PLC
ANNOUNCES APPOINTMENT OF NICOLAOS NICANDROU AS CHIEF
FINANCIAL OFFICER
The Board of Prudential plc ("Prudential") is pleased to
announce the appointment of Nicolaos ("Nic") Nicandrou as Chief Financial Officer
and Group Board Director as successor to Tidjane Thiam who, as previously
announced, will become Group Chief Executive on 1st October 2009.
Nic joins Prudential from Aviva, where he has worked for
eleven years in a number of senior finance roles, including Norwich Union Life
Finance Director and Board Member, Aviva Group Financial Control Director, Aviva
Group Financial Management and Reporting Director and CGNU Group Financial Reporting Director.
Nic started his career at PriceWaterhouse Coopers, where he worked for ten years in both London
and Paris, specialising in insurance and more general financial services.
Commenting on the appointment, Mark Tucker, Group Chief
Executive said:
"I am pleased to welcome Nic Nicandrou to the Group. His
technical depth and experience combined with the quality of his leadership makes
him the ideal person to succeed Tidjane when he steps up to be Group Chief
Executive".
Commenting, Tidjane Thiam, Chief Financial Officer and Group
Chief Executive designate, said:
"I am delighted that Nic has taken the decision to join
Prudential and I know he will significantly enhance our already strong management
team and continue our commitment to best in class disclosure and market
communication. I greatly look forward to working with him".
Commenting, Nic Nicandrou said:
"I am delighted to be joining Prudential as Chief Financial
Officer and look forward to working with Tidjane. Prudential is ideally placed in
terms of its unique geographic exposure, capital strength and leadership
capability, to continue its outperformance over the cycle".
A starting date for Nic Nicandrou has yet to be
confirmed.
Remuneration Arrangements:
Prudential is committed to full disclosure of the remuneration
of its Executives.
Nic Nicandrou's basic salary will be £550,000. His
annual bonus has a maximum potential of 160%, of which 40% is deferred. LTIP awards
are 200% of base salary. This is placed in line with FTSE50 best
practice.
Prudential plc is a company incorporated and with its
principal place of business in England, and its affiliated companies constitute one of the world's
leading financial services groups. It provides insurance and financial services
directly and through its subsidiaries and affiliates throughout the world. It has
been in existence for over 160 years and has £249 billion in assets under management (as at 31 December 2008).
Prudential plc is not affiliated in any manner with Prudential
Financial, Inc, a company whose principal place of business is in the United States of America.
Forward-Looking Statements
This statement may contain certain "forward-looking statements"
with respect to certain of Prudential's plans and its current goals and
expectations relating to its future financial condition, performance, results,
strategy and objectives. Statements containing the words "believes", "intends",
"expects", "plans", "seeks" and "anticipates", and words of similar meaning, are
forward-looking. By their nature, all forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances which are beyond
Prudential's control including among other things, UK domestic and global economic
and business conditions, market related risks such as fluctuations in interest
rates and exchange rates, and the performance of financial markets generally; the
policies and actions of regulatory authorities, the impact of competition,
inflation, and deflation; experience in particular with regard to mortality and
morbidity trends, lapse rates and policy renewal rates; the timing, impact and
other uncertainties of future acquisitions or combinations within relevant
industries; and the impact of changes in capital, solvency or accounting standards,
and tax and other legislation and regulations in the jurisdictions in which
Prudential and its affiliates operate. This may for example result in changes to
assumptions used for determining results of operations or re-estimations of
reserves for future policy benefits. As a result, Prudential's actual future
financial condition, performance and results may differ materially from the plans,
goals, and expectations set forth in Prudential's forward-looking
statements. Prudential undertakes no obligation to update the forward-looking
statements contained in this statement or any other forward-looking statements it
may make.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Date: 27 April 2009
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PRUDENTIAL PUBLIC LIMITED COMPANY
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By: /s/ Jon Bunn
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Jon Bunn
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Director of Public Relations
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