LONDON -- (Marketwire) -- 07/02/09 --
For Immediate Release Thursday 2 July 2009
ROB DEVEY APPOINTED AS CHIEF EXECUTIVE, PRUDENTIAL UK AND EUROPE AND TO
THE BOARD OF PRUDENTIAL PLC TO SUCCEED NICK PRETTEJOHN
Prudential plc ("Prudential") announces the appointment of Rob Devey as
Chief Executive, Prudential UK and Europe and to the Board of
Prudential plc. Rob Devey will succeed Nick Prettejohn who will leave
the Group in September 2009.
Rob Devey will join Prudential from Lloyds Banking Group where he has
worked since 2002 in a number of senior leadership roles across
insurance and retail banking including as Managing Director, Direct
Channels UK Retail Banking, Managing Director of HBOS Financial
Services and Managing Director of HBOS General Insurance. Prior to
joining HBOS, Rob Devey was a consultant with the Boston Consulting
Group (BCG) in both Europe and the US working in financial services.
Rob will join Prudential at a date to be confirmed and he will succeed
Nick Prettejohn, currently Chief Executive, Prudential UK and Europe,
who has decided to leave the Group in September 2009.
Commenting Mark Tucker, Group Chief Executive of Prudential plc, says:"I am
pleased to announce the appointment of Rob Devey as successor to
Nick Prettejohn. Rob has clearly demonstrated his capability in complex
leadership roles and I look forward to welcoming him to the Group. I am
very sorry to see Nick Prettejohn leave Prudential and want to thank
him for his outstanding contribution in developing and implementing a
highly effective strategy that has dramatically improved the
performance and profitability of the UK business. Nick leaves a strong
legacy and he should be proud of his achievements in transforming
the UK business."
Commenting Tidjane Thiam, Chief Financial Officer and Group Chief
Executive Designate of Prudential plc, says:"I am delighted that Rob Devey
will be joining Prudential and that the
Group can attract such an obviously talented executive. He is a proven
talent in leading large and complex insurance and banking businesses
and will add significantly to our Group management strength. I greatly
look forward to working with him. I am very sorry that Nick Prettejohn
has decided to leave the Group, where he has made an outstanding
contribution and want to wish him well with his next challenge."
Commenting Rob Devey, says:"I greatly look forward to joining Prudential at
this exciting time in
its development. The Group is ideally placed in both the UK and
international markets to continue its strong performance. I have been
particularly impressed by the quality of its leadership, its customer
focus, and its values and heritage that will underpin future
success.
