Prudential Financial, Inc. (NYSE: PRU) has announced the election of Joseph Wolk to its board of directors as an independent director, effective September 30, 2025. Wolk, currently serving as the executive vice president and chief financial officer at Johnson & Johnson, brings extensive experience in shaping financial strategy and performance.
Since Wolk's appointment as chief financial officer in 2018, he has led Johnson & Johnson's long-term financial strategy, capital allocation, and operational transformation initiatives, including the separation of the company's consumer health business. He also leads Johnson & Johnson's global shared services, managing an array of functions for a global workforce of over 130,000 employees.
Wolk joined Johnson & Johnson in 1998 and has held numerous senior financial roles across its pharmaceutical and medical technology segments. Notably, he is the founding chair of Johnson & Johnson Impact Ventures, an investment fund focused on advancing underinvested healthcare solutions in developing countries.
Prudential Financial's press release also highlights Wolk's educational background, which includes a JD from Temple University School of Law and a bachelor's degree in finance from Saint Joseph's University, where he was recently inducted into the Haub School of Business' Hall of Fame.
Prudential Financial, a global financial services leader and premier active global investment manager, reported approximately $1.6 trillion in assets under management as of June 30, 2025. The company operates in the United States, Asia, Europe, and Latin America, with a diverse and talented workforce focused on expanding access to investing, insurance, and retirement security.
This appointment is expected to bring deep expertise in global finance, operational excellence, and stakeholder engagement to Prudential as the company continues to evolve and grow. The market has reacted to these announcements by moving the company's shares -0.56% to a price of $103.83. For the full picture, make sure to review PRUDENTIAL FINANCIAL INC's 8-K report.