Leadership Transition at Prudential Financial: Andrew Sullivan Steps Up

Prudential Financial, Inc. has announced that Andrew Sullivan, currently serving as Chief Executive Officer, will also take on the role of Chairman of the Board effective March 10, 2026. This leadership transition follows Charles Lowrey's resignation from his positions as Executive Chairman and director. Lowrey will continue to offer his expertise in an advisory role until his retirement at the end of the second quarter.

Sullivan expressed his gratitude for the board's confidence, stating, "It’s a privilege to lead the company at this pivotal moment." He also acknowledged Lowrey's substantial contributions, noting, "On behalf of our Board and the entire company, I would like to thank Charlie for his leadership and significant contributions to Prudential." Lowrey, with 25 years of dedication to Prudential, has played a pivotal role in strategic growth investments and organizational transformations, strengthening the company's competitive position.

Referring to his tenure, Lowrey stated, "I’m proud of what we’ve built together and grateful to our employees, Board, partners, and shareholders." Michael A. Todman, Lead Independent Director, expressed appreciation for Lowrey's service and conveyed confidence in Sullivan’s ability to lead Prudential into its next phase of growth. Prudential Financial, with approximately $1.6 trillion in assets under management by the end of 2025, is a significant presence in global financial services, operating across the United States, Asia, Europe, and Latin America. The firm is renowned for its iconic Rock logo, symbolizing strength and stability.