Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Prudential plc    PRU   GB0007099541

PRUDENTIAL PLC (PRU)

55
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Prudential To Appoint Paul Manduca As New Chairman -Reports

05/20/2012 | 06:43am US/Eastern

Prudential PLC (>> Prudential plc), the U.K.'s largest insurer by market capitalization, will appoint Paul Manduca as its new chairman after a five-month search to replace Harvey McGrath, according to The Sunday Times and Sunday Telegraph newspapers, without saying where they got their information.

The Sunday Times reports that Manduca, the former chief executive of Rothschild Asset Management, has been chosen by the insurer's board after a lengthy search of internal and external candidates. The board has passed his name to the Financial Services Authority, which is in the in process of vetting Manduca's credentials and past experience.

Subject to regulatory clearance, Manduca's appointment could be announced as early as this week, according to the report.

The Sunday Telegraph said the two frontrunners, Nigel Rudd, chairman of Invensys PLC (>> Invensys plc), and Glen Moreno, chairman of Pearson PLC (>> Pearson plc), have dropped out of the race, leaving the way clear for Manduca to be appointed chairman.

Manduca plans to step down as chairman of AON UK, the U.K. arm of the global insurance broker, after his appointment, according to both newspapers.

Prudential and the FSA weren't immediately available to comment.

Newspaper Web site: http://www.timesonline.co.uk

Newspaper Web site: http://www.telegraph.co.uk

-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

React to this article
Latest news on PRUDENTIAL PLC
09:02aDJMARKET SNAPSHOT : Media, Smaller Energy Cos. Provide Bulk Of Results As Earnings..
04:02a China, Japan, South Korea commit to economic policies supporting demand
05/02 Warren Buffett denies that Berkshire Hathaway 'too big to fail'
05/02 PRUDENTIAL : U.K.'s Prudential Appoints Mike Wells CEO
05/01DJLONDON MARKETS : FTSE 100 Higher As Lloyds, Miners Rally; Pound Slides
05/01 Business as usual seen at Prudential under new CEO Wells
05/01DJU.K.'s Prudential Appoints Mike Wells CEO
05/01DJM&G Inv Management Ltd Form 8.3 - Royal Dutch Shell Plc
05/01DJLONDON MARKETS : FTSE 100 Higher As Lloyds, Miners Rally
05/01DJU.K.'s Prudential Appoints Mike Wells Chief Executive -- Update
Advertisement
Chart
Duration : Period :
Prudential plc Technical Analysis Chart | PRU | GB0007099541 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF