Prudential Financial, Inc. (NYSE: PRU) has elected Carmine Di Sibio to its board of directors as an independent director, effective July 1, 2024. Di Sibio, who recently retired as global chairman and chief executive of EY, brings a wealth of experience in business strategy and innovation to Prudential's board.
During his tenure at EY, Di Sibio led the organization's global strategy, overseeing investments of over $10 billion in technology, solutions, and personnel over the last five years. Additionally, he drove innovation efforts through acquisitions and alliances in new and emerging fields.
Prudential's director and chair of the board’s corporate governance and business ethics committee, Gil Casellas, expressed excitement in welcoming Di Sibio to the board, citing his deep understanding of business strategy and innovation as valuable assets for guiding Prudential's efforts to become a higher growth, more capital efficient, and more nimble company.
Di Sibio's extensive experience includes serving as a member of the board of PayPal and Focusing Capital on the Long Term (FCLT), as well as being a member of the World Economic Forum’s International Business Council. He holds an MBA from New York University’s Stern School of Business and a B.A. in Chemistry from Colgate University.
Prudential Financial, Inc. is a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2024, operating in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees aim to expand access to investing, insurance, and retirement security, creating financial opportunity for more people. The company's iconic rock symbol has represented strength, stability, expertise, and innovation for nearly 150 years. As a result of these announcements, the company's shares have moved 0.3% on the market, and are now trading at a price of $117.53. If you want to know more, read the company's complete 8-K report here.
