Prudential Financial Announces Leadership Realignment and Departure of Caroline Feeney

Prudential Financial, Inc. has announced a strategic realignment of its senior business leadership structure, aimed at streamlining operations in its largest markets and enhancing focus on key growth opportunities. As part of this restructuring, leaders of U.S. businesses, Emerging Markets, the Japan Group, and PGIM will now report directly to CEO Andrew Sullivan. This change is intended to foster a more agile and focused company, supporting long-term growth and strengthening global business accountability. Consequently, Caroline Feeney, Executive Vice President and Global Head of Retirement and Insurance, will be departing the company, with her position being eliminated due to the internal reorganization. Phil Waldeck has been appointed executive vice president, head of Prudential’s U.S. Businesses, effective February 2, 2026. David Legher, head of Emerging Markets, will also report directly to Sullivan. The company is furnishing a news release dated December 18, 2025, detailing these leadership changes.