Leadership change Andrew F. Sullivan was promoted to Chief Executive Officer (from President) · DEF 14A filed 2026-03-26

Prudential Financial, Inc. ·PRU

CEO chairs board with unusually broad enterprise span

Financials · Fortune #62 · Hybrid structure · 38K employees · Newark, New Jersey

View as of:
7
CEO span
↓ tighter than peers (avg 10)
2.6
Avg span
moderate
3
Max depth
3 levels
1.6 yr
Avg tenure
↓ 3.8yr from FY2024
71%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$60.8B
Net income
$3.6B
Total assets
$773.7B
Shares out
348M

Sourced from Prudential Financial, Inc. DEF 14A · filed 2026-03-26 ↗ View on SEC

Interactive org chart

Prudential Financial, Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Prudential Financial operates a hybrid enterprise structure in which the CEO also chairs the board and directly oversees a broad set of business and functional leaders. This page maps the current executive org, highlights recent leadership changes, and compares Prudential’s unusually wide CEO span with major insurance peers.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Andrew F. Sullivan changed role as Chairman and Chief Executive Officer

On March 10, 2026, Andrew Sullivan was appointed Chairman following the resignation of the Executive Chairman role.

Source · See change log

Scenario views in the chart

  • Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to coordinate AI governance, risk, and enterprise deployment.
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Atlas work this supports

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The people

Who's running this

7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Andrew F. Sullivan

Chairman and Chief Executive Officer

Executive

1 yr

16 reports

Scott E. Case

Executive Vice President, Chief Technology and Process Officer

Technology & Operations

1 yr

2 reports

internal

Phil Waldeck

Executive Vice President, Head of U.S. Businesses

U.S. Businesses

0 yr

2 reports

internal

Yanela C. Frias

Executive Vice President and Chief Financial Officer

Finance

3 yr

3 reports

Jacques P. Chappuis

Executive Vice President, Head of Global Asset Management (PGIM)

Asset Management

1 yr

2 reports

internal

Brad Hearn

President and CEO, Prudential Holdings of Japan

International Insurance

0 yr

1 reports

internal

Margaret M. Foran

Senior Vice President, Chief Governance Officer and Corporate Secretary

Legal & Governance

5 yr

0 reports

The businesses

How Prudential Financial, Inc. divides the work

4 divisions report into the group CEO. Tile size scales with estimated headcount.

U.S. Businesses

18K employees

EVP, Head of U.S. Businesses (Phil Waldeck)

Oversees Prudential’s U.S. insurance and retirement operations serving individual and institutional clients.

PGIM Asset Management

5K employees

EVP, Head of Global Asset Management (Jacques P. Chappuis)

Global asset management arm providing investment solutions to institutional and retail clients.

Japan Operations

9K employees

President and CEO, Prudential Holdings of Japan (Brad Hearn)

Manages Prudential’s life insurance and retirement businesses in Japan, its largest international market.

Technology & Operations

4K employees

EVP, Chief Technology and Process Officer (Scott E. Case)

Leads enterprise technology, digital platforms, and operational transformation.

The thesis

Why this org is unusual

The most distinctive feature of Prudential’s structure is that the CEO also serves as Board Chair while directly overseeing a wide, enterprise-spanning leadership team.

Andrew Sullivan has seven direct reports covering U.S. businesses, Japan, asset management (PGIM), technology, finance, and governance, reflecting a deliberate shift toward centralized accountability. The March 2026 transition consolidated authority at the top by removing the Executive Chairman role.

Operationally, Prudential combines functional control with regionally powerful business heads. U.S. Businesses and Japan both report directly to the CEO, while PGIM operates as a global platform under a unified asset manager model. This hybrid design emphasizes speed and enterprise coordination rather than autonomous divisional CEOs.

The structure remains relatively flat for a global insurer, with only three to four layers visible in published leadership disclosures. This supports faster decision-making but increases span demands on the CEO and requires strong second-level executives to manage complexity across insurance, retirement, and asset management.

  • CEO also serves as Board Chair
  • No standalone COO role
  • PGIM reports directly to CEO

The comparison

How Prudential Financial, Inc. stacks up

Compared with peers such as MetLife and AIG, Prudential places more direct operational responsibility with the CEO rather than interposing group CEOs or a COO layer. MetLife and Manulife typically use clearer divisional CEO structures, while Prudential’s model centralizes strategy and execution at the enterprise level. …

C-suite size

Prudential Financial, Inc.
7
MetLife
10
AIG
11
Manulife
9
Principal Financial
8

Reporting depth

Prudential Financial, Inc.
3 levels
MetLife
4 levels
AIG
5 levels
Manulife
4 levels
Principal Financial
4 levels

Avg C-suite tenure

Prudential Financial, Inc.
2 yr
MetLife
5 yr
AIG
4 yr
Manulife
6 yr
Principal Financial
7 yr

Has COO / Has CAIO

Prudential Financial, Inc. — no COO — no CAIO
MetLife ✓ COO — no CAIO
AIG ✓ COO ✓ CAIO
Manulife — no COO — no CAIO
Principal Financial ✓ COO — no CAIO

Current signals

What changed recently

The most consequential change was the March 2026 consolidation of CEO and Chairman roles under Andrew Sullivan.

  • reorg
    Andrew F. Sullivan Chairman and Chief Executive Officer

    On March 10, 2026, Andrew Sullivan was appointed Chairman following the resignation of the Executive Chairman role.

    Source
  • departed
    Charles F. Lowrey Executive Chairman

    Stepped down from the Board and Executive Chairman role on March 10, 2026; serving as Senior Advisor until June 30, 2026.

    Source
  • Date not confirmed new
    Phil Waldeck EVP, Head of U.S. Businesses

    Appointed Head of U.S. Businesses as part of a leadership restructuring announced in early 2026.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-03-26
CEO
Andrew F. Sullivan
CEO span
7
C-suite
6
Avg tenure
2.1 yr

Year marked by CEO transition and elimination of the Executive Chairman role.

Named executive officers (5)
  • Andrew F. Sullivan - CEO since 2025
  • Yanela C. Frias - CFO since 2023
  • Jacques P. Chappuis - Head of Global Asset Management since 2025
  • Scott E. Case - Chief Technology and Process Officer since 2024
  • Caroline A. Feeney - Former Head of Global Retirement & Insurance since 2019
FY2024
DEF 14A filed 2025-03-28
CEO
Charles F. Lowrey
CEO span
6
C-suite
7
Avg tenure
5.4 yr

Traditional structure with Executive Chairman and deeper C-suite bench.

Named executive officers (5)
  • Charles F. Lowrey - CEO since 2011
  • Andrew F. Sullivan - President since 2023
  • Yanela C. Frias - CFO since 2023
  • Caroline A. Feeney - Head of Global Retirement & Insurance since 2019
  • Robert M. Falzon - Vice Chairman since 2017
FY2023
DEF 14A filed 2024-03-27
CEO
Charles F. Lowrey
CEO span
6
C-suite
7
Avg tenure
6.1 yr

Stable leadership prior to succession planning execution.

Named executive officers (5)
  • Charles F. Lowrey - CEO since 2011
  • Andrew F. Sullivan - President since 2023
  • Yanela C. Frias - CFO since 2023
  • Caroline A. Feeney - Head of Global Retirement & Insurance since 2019
  • Robert M. Falzon - Vice Chairman since 2017

Year-over-year changes

FY2024 → FY2025

The CEO succession reduced average tenure and slightly increased the CEO’s direct span.

  • CEO span: 6 → 7
  • C-suite size: 7 → 6
  • Avg tenure: 5.4 → 2.1 yr
  • promoted Andrew F. Sullivan - Chief Executive Officer (was President) (DEF 14A filed 2026-03-26)
  • departed Robert M. Falzon - Vice Chairman (DEF 14A filed 2026-03-26)

Frequently Asked Questions

Who is the CEO of Prudential Financial?

Andrew F. Sullivan has served as CEO since March 31, 2025 and became Chairman on March 10, 2026.

What type of organizational structure does Prudential Financial use?

Prudential uses a hybrid enterprise structure combining functional leadership with major regional and business heads reporting directly to the CEO.

How many direct reports does Prudential Financial's CEO have?

The CEO has seven direct reports spanning finance, technology, U.S. businesses, Japan, asset management, and governance.

How has Prudential Financial's leadership changed recently?

In March 2026, the company eliminated the Executive Chairman role and appointed CEO Andrew Sullivan as Chairman, alongside new business leadership appointments.

Does Prudential Financial have a COO?

No, Prudential does not currently have a standalone Chief Operating Officer role.

Sources

  • 8-K Filing, Mar 10 2026
  • Company Proxy Statement, Mar 2026
  • SEC EDGAR: Prudential Financial, Inc. DEF 14A Proxy Statement
  • SEC EDGAR: Prudential Financial, Inc. 10-K Annual Report

Reference

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APA 7th
Creately. (2026). Prudential Financial, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/prudential-financial/
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"Prudential Financial, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/prudential-financial/. Accessed .
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Creately. "Prudential Financial, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/prudential-financial/.
Original SEC source View on SEC ↗
Prudential Financial, Inc.. DEF 14A. Filed 2026-03-26. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1137774/000110465926035162/tm2524217-6_def14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/prudential-financial/ · last updated 2026-04-01

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