Prudential Financial, Inc. (NYSE: PRU) has elected Tom Stoddard as an independent director to its board of directors, effective June 30, 2025. Stoddard will serve on the board’s audit and investment committees, bringing 35 years of experience in the financial services sector to Prudential.
Stoddard's background includes serving as the vice chairman of global investment banking at Bank of America, where he was responsible for expanding insurance advisory capabilities. He also held the position of group chief financial officer at Athora Ltd., a European life insurance and pensions holding company, and at Aviva plc, a publicly traded British multinational insurance and asset management company.
In addition to his executive roles, Stoddard advised various financial institutions as a senior advisor to McKinsey & Company and as a senior managing director at Blackstone, where he advised AIG on its rescue and restructuring during the global financial crisis. He also co-founded a private equity investment and advisory firm, Barrett Ellman Stoddard Capital Partners.
Prudential Financial, Inc. is a global financial services leader with approximately $1.5 trillion in assets under management as of March 31, 2025. The company operates in the United States, Asia, Europe, and Latin America, aiming to expand access to investing, insurance, and retirement security.
This addition to the board of directors brings a wealth of experience and expertise to Prudential Financial, Inc., positioning the company for further growth and innovation in the financial services sector. The market has reacted to these announcements by moving the company's shares -0.01% to a price of $107.12. If you want to know more, read the company's complete 8-K report here.
