Board Leadership

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John R. Strangfeld
Chairman and CEO, Prudential Financial, Inc.
John R. Strangfeld, Chairman of the Board, Chief Executive Officer & President.

John Strangfeld is chairman and CEO of Prudential Financial, Inc., a financial services leader with operations in the United States, Asia, Europe and Latin America.

With 140 years of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. Prudential's businesses include life insurance, annuities, retirement-related services and investment management.

In 2016, Prudential ranked No. 1 in FORTUNE® magazine's listing of the "World's Most Admired Companies®” in the “Insurance: Life and Health” category, and the company has held one of the top three spots in this annual ranking since 2010. In addition to its financial strength, Prudential has a strong reputation in social responsibility, and a long-standing commitment to diversity and workplace inclusion.

Before Mr. Strangfeld was named chairman and CEO in 2008, he was vice chairman responsible for Prudential's U.S. Businesses, which include both the Investment and the Insurance Divisions. Prior to his position as Vice Chairman, Mr. Strangfeld held a variety of senior investment positions at Prudential Financial, both within the United States and abroad. Mr. Strangfeld received a bachelor’s degree in business administration from Susquehanna University and an MBA from the Darden School of Business at the University of Virginia. He also holds the Chartered Financial Analyst designation.

Mr. Strangfeld remains very involved with his alma maters. He is now in his 10th year as chairman of the Board of Trustees of Susquehanna University and served for 12 years as a member of the Board of Trustees of the Darden School Foundation. In 2005, Mr. Strangfeld initiated and continues to sponsor a scholarship program for military officers seeking to transition into leadership roles in civilian life via an MBA at Darden. Additionally, he is actively pursuing ways for Prudential and other corporations to support veterans as they re-enter civilian life.

Mr. Strangfeld serves as a vice chairman of the Geneva Association. He is chair of the Board of Directors of the New Jersey Performing Arts Center and serves as a member of the Board of Memorial Sloan Kettering Cancer Center.

 
Thomas J. Baltimore, Jr.
Chairman, President and Chief Executive Officer, Park Hotels and Resorts, Inc.
Thomas J. Baltimore, Jr., Chairman, President and Chief Executive Officer, Park Hotels and Resorts, Inc.

Mr. Baltimore has been the President and Chief Executive Officer (CEO) of Park Hotels & Resorts, Inc. (a NYSE-listed lodging real estate investment trust) since January 2017. Between May 2016 and January 2017, Mr. Baltimore was the President and CEO of the planned Hilton Real Estate Investment Trust. Previously, he was President and CEO of RLJ Lodging Trust (a NYSE-listed real estate investment company) from May 2011 to May 2016. He served as Co-Founder and President of RLJ Development, LLC (RLJ Lodging’s predecessor company) from 2000 to May 2011. He served as VP, Gaming Acquisitions, of Hilton Hotels Corporation from 1997 to 1998 and later as VP, Development and Finance, from 1999 to 2000. He also served in various management positions with Host Marriott Services, including VP, Business Development, from 1994 to 1996.

Mr. Baltimore has served as a member of the Board of Directors of Prudential since 2008.

 
Gilbert F. Casellas
Chairman, OMNITRU
Gilbert F. Casellas, Vice President, Corporate Responsibility, Dell, Inc.

Mr. Casellas has been Chairman of OMNITRU (a consulting and investment firm) since 2011. He was the VP, Corporate Responsibility of Dell Inc. (a global computer manufacturer) from 2007 to 2010. He served as a Member of Mintz Levin Cohn Ferris Glovsky & Popeo, PC from June 2005 to October 2007. He served as President of Casellas & Associates, LLC (a consulting firm) from 2001 to 2005. During 2001, he served as President and CEO of Q-linx, Inc. He served as the President and COO of The Swarthmore Group, Inc. from January 1999 to December 2000. Mr. Casellas served as Chairman, U.S. EEOC from 1994 to 1998, and General Counsel, U.S. Department of the Air Force, from 1993 to 1994.

 
James G. Cullen
Retired President and Chief Operating Officer, Bell Atlantic Corporation
James G. Cullen, Retired President and COO, Bell Atlantic Corporation.

Mr. Cullen served as the President and COO of Bell Atlantic Corporation from December 1998 until his retirement in June 2000. Mr. Cullen was the President and CEO, Telecom Group of Bell Atlantic Corporation from 1997 to 1998 and served as Vice Chairman of Bell Atlantic Corporation from 1995 to 1997. Mr. Cullen has also served as Non-Executive Chairman of the Board of NeuStar, Inc. since November 2010.

 
Mark B. Grier
Vice Chairman, Prudential Financial, Inc.
Mark B. Grier, Vice Chairman.

Mark B. Grier, a member of Prudential Financial's Office of the Chairman and of its board of directors, oversees the Finance, Risk Management, Chief Investment, Corporate Actuarial, Investor Relations, Global Business & Technology Solutions, Audit and Global Marketing and Communications functions. In addition, Mr. Grier leads Global Strategic Initiatives, which oversees Prudential's international retirement and China strategies.

Mr. Grier joined Prudential as Chief Financial Officer (CFO) in May 1995, with responsibility for oversight of Treasury, Controllers, Tax and business line CFO functions. In 2002, he was named Vice Chairman, with responsibility for Financial Management.

Before joining Prudential, Mr. Grier was co-head of Chase Global Markets and an Executive Vice President of The Chase Manhattan Bank, N.A. In 1987, he was named Individual Banking Financial Management executive for The Chase Manhattan Corporation's Retail Banking businesses. He was also previously responsible for Chase's Business Policy, Asset Management and Financial Control and Analysis Divisions.

In 1983, Mr. Grier served as senior vice president of Lincoln First Bank, N. A., a forerunner of Chase Lincoln First Bank, N.A. He also served as Global Risk Management executive and treasurer of the bank and its parent company, Lincoln First Banks, Inc. In 1981, Mr. Grier assumed the position of economic and financial policy manager for the bank. He continued in these positions after The Chase Manhattan Corporation acquired Lincoln First in July 1984. Mr. Grier began his career at Lincoln First in 1978 as an economic analyst.

Mr. Grier was born in Albuquerque, New Mexico. He attended Eastern Illinois University where he received a bachelor’s degree and a master’s degree in economics. Mr. Grier also earned an MBA in finance and corporate accounting from The University of Rochester.

 
Martina Hund-Mejean
Chief Financial Officer, MasterCard Worldwide
Martina Hund-Mejean, Chief Financial Officer, MasterCard Incorporated.

Ms. Hund-Mejean has served as the CFO and a member of the Executive Committee at MasterCard Worldwide (a global transaction processing and consulting services company) since 2007. Ms. Hund-Mejean served as Senior Vice President (SVP) and Corporate Treasurer at Tyco International Ltd. from 2003 to 2007; SVP and Treasurer at Lucent Technologies from 2000 to 2002; and held management positions at General Motors Company from 1988 to 2000. Ms. Hund-Mejean began her career as a credit analyst at Dow Chemical in Frankfurt, Germany.

 
Karl J. Krapek
Retired President and Chief Operating Officer, United Technologies Corporation
Karl J. Krapek, Retired President and COO, United Technologies Corporation.

Mr. Krapek served as the President and COO of United Technologies Corporation (UTC) from 1999 until his retirement in January 2002. Prior to that time, Mr. Krapek held other management positions at UTC, which he joined in 1982. Mr. Krapek is also the co-founder of The Keystone Companies, which was founded in 2002 and develops residential and commercial real estate.

 
Peter R. Lighte
Former Vice Chairman of J.P. Morgan Corporate Bank and Founding Chairman of J.P. Morgan Chase Bank, China
Peter R. Lighte, Former Vice Chairman of J.P. Morgan Corporate Bank and Founding Chairman of JPMorgan Chase Bank, China

Mr. Lighte served as the Vice Chairman, J.P. Morgan Corporate Bank, China, from 2010 to 2014, and was the founding Chairman of J.P. Morgan Chase Bank China, from 2007 to 2010. Prior to that, he headed the Company’s International Client Coverage for Treasury and Securities Services in J.P. Morgan’s European Global Operating Services Division and was instrumental in re-establishing its corporate bank in London. Mr. Lighte previously served as the President of Chase Trust Bank in Tokyo from 2000 to 2002. He was also the founding representative in Beijing of Manufacturers Hanover Trust Company. Mr. Lighte has taught at several academic institutions, including Middlebury College and the University of Santa Clara.

 
George Paz
Non-Executive Chairman and Former Chief Executive Officer, Express Scripts Holding Company
George Paz, Non-Executive Chairman and Former Chief Executive Officer. Express Scripts Holding Company

Mr. Paz is the Non-Executive Chairman of Express Scripts Holding Company (Express Scripts), a prescription benefit management company, and served as the CEO of Express Scripts from April 2005 to May 2016. Mr. Paz also served as the President of Express Scripts from October 2003 to February 2014 and has been a director since January 2004. He joined Express Scripts in 1998 as SVP and CFO. Prior to joining Express Scripts, Mr. Paz was a partner at Coopers and Lybrand from 1988 to 1993 and 1996 to 1998 and served as Executive Vice President and CFO for Life Partners Group from 1993 to 1995.

 
Sandra Pianalto
Retired President and CEO of the Federal Reserve Bank of Cleveland
Sandra Pianalto, Retired President and CEO of the Federal Reserve Bank of Cleveland.

Ms. Pianalto served as the President and CEO of the Federal Reserve Bank of Cleveland (the Cleveland Fed) from February 2003 until her retirement in May 2014. She was the First Vice President and COO of the Cleveland Fed from 1993 to 2003 and served as its VP and Secretary to the Board of Directors from 1988 to 1993. Ms. Pianalto also served in various supervisory roles at the Cleveland Fed from 1983 to 1988. Prior to joining the Cleveland Fed, Ms. Pianalto was an economist at the Board of Governors of the Federal Reserve System and served on the staff of the Budget Committee of the US House of Representatives.

 
Christine A. Poon
Professor, The Max M. Fisher College of Business
The Ohio State University
Christine A. Poon, Retired Vice Chairman, Board of Directors, Johnson & Johnson.

Ms. Poon served as Dean of Fisher College of Business at The Ohio State University from May 2009 until November 2014 and is now a member of the faculty. She served as Vice Chairman and a member of the Board of Directors of Johnson & Johnson from 2005 until her retirement in March 2009. Ms. Poon joined Johnson & Johnson in 2000 as Company Group Chair in the Pharmaceuticals Group. She became a Member of Johnson & Johnson’s Executive Committee and Worldwide Chair, Pharmaceuticals Group, in 2001, and served as Worldwide Chair, Medicines and Nutritionals from 2003 to 2005. Prior to joining Johnson & Johnson, she served in various management positions at Bristol-Myers Squibb for 15 years.

 
Douglas A. Scovanner
Founder, Managing Member, Comprehensive Financial Strategies
Douglas Scovanner, Founder, Managing Member, Comprehensive Financial Strategies

Mr. Scovanner has been the Founder and Managing Member of Comprehensive Financial Strategies, LLC, a management consulting firm, since October 2013. Previously, he served as the CFO (1994 to 2012) and Executive Vice President (2000 to 2012) of the Target Corporation (a North American retailer). Prior to joining the Target Corporation, Mr. Scovanner held various management positions at The Fleming Companies, Inc., Coca-Cola Enterprises, Inc., The Coca-Cola Company and the Ford Motor Company from 1979 to 1994.

 
Michael A. Todman
Former Vice Chairman, Whirlpool Corporation
Michael A. Todman, Former Vice Chairman, Whirlpool Corporation

Mr. Todman served as Vice Chairman of the Whirlpool Corporation (Whirlpool), a global manufacturer of home appliances, from November 2014 to December 2015. Mr. Todman previously served as President of Whirlpool International from 2006 to 2007 and 2010 to 2014, as well as President, Whirlpool North America from 2007 to 2010. Mr. Todman held several senior positions including Executive Vice President and President of Whirlpool Europe from 2001 to 2005 and Executive Vice President, Whirlpool North America, in 2001. Prior to joining Whirlpool, Mr. Todman served in a variety of leadership positions at Wang Laboratories Inc. and Price Waterhouse and Co.

Board Diversity

Diversity is an integral part of our Corporate Governance Principles, and the Committee actively considers diversity in recruitment and nominations of directors. The current composition of our Board reflects those efforts and the importance of diversity to the Board:

  • Four directors have worked outside the United States;
  • Two directors are African-American;
  • One director is Asian-American;
  • Two directors are Hispanic;
  • Three directors are women; and
  • One director is LGBT.
Letter from the Board of Directors to Our Shareholders Download (153k)

Letter from the Board of Directors to Our Shareholders

Beginning with the 2010 Proxy Statement, the Board established a new precedent in Board and shareholder communication. In a sincere, open, and honest Letter to Shareholders, the Board sets out its governance philosophy and describes how it is positioning Prudential for strong long-term performance. The letter encourages shareholders to share opinions, interests, and concerns as a valuable way to support the Board in its stewardship of the Company.

Letter from the Board of Directors to Our Shareholders Download (153k)

Director Qualifications and Experience

Prudential Financial is a financial services company that offers a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. As such, the Corporate Governance and Business Ethics Committee of the Board evaluates current and potential directors based on the Board's Director Qualification Standards for independence, as well as how an individual director's depth and breadth of experience can add value to the collective range of Board expertise.

Director Qualifications and Experience

*SOURCE: PRUDENTIAL FINANCIAL, INC. 2017 PROXY STATEMENT