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PRUDENTIAL FINANCIAL (PRU)
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Prudential Financial : TIAA Names Lori Fouche CEO of Retail, Institutional Financial Services

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06/13/2018 | 10:17am EDT

By Colin Kellaher

TIAA on Wednesday said it named Lori Fouche senior executive vice president and chief executive of its newly combined Retail & Institutional Financial Services segment, effective Aug. 7.

TIAA, the largest provider of retirement-plan services to nonprofit organizations, said Ms. Fouche will oversee its institutional and individual client-services groups.

"This integrated team will work together to meet the evolving needs of individual and institutional clients across the full range of financial services, while enhancing efficiency, reducing complexity and providing a more seamless customer experience," TIAA said.

Ron Pressman is retiring as CEO of TIAA's institutional financial services, while Kathie Andrade, CEO of retail financial services, is leaving to pursue other opportunities, TIAA said. Both have agreed to assist through a transition period.

Ms. Fouche is joining TIAA from Prudential Financial Inc. (PRU), where she was head of the individual solutions group. Prudential on Wednesday said it named Caroline Feeney to head the group, which comprises annuities and individual life insurance. Salene Hitchcock-Gear will succeed Ms. Feeney as president of individual life insurance, which includes Prudential Advisors.

Write to Colin Kellaher at [email protected]

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(MORE TO FOLLOW) Dow Jones Newswires

06-13-18 1016ET

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Financials ($)
Sales 2018 53 766 M
EBIT 2018 6 977 M
Net income 2018 5 131 M
Debt 2018 -
Yield 2018 3,64%
P/E ratio 2018 8,27
P/E ratio 2019 7,79
Capi. / Sales 2018 0,77x
Capi. / Sales 2019 0,74x
Capitalization 41 395 M
Chart PRUDENTIAL FINANCIAL
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Prudential Financial Technical Analysis Chart | PRU | US7443201022 | 4-Traders
Technical analysis trends PRUDENTIAL FINANCIAL
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 121 $
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
John Robert Strangfeld Chairman, President & Chief Executive Officer
Charlie F. Lowrey Chief Operating Officer-International & EVP
Robert Michael Falzon Chief Financial Officer & Executive Vice President
Barbara G. Koster Chief Information Officer & Senior Vice President
K. Andrew Crighton Chief Medical Officer
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