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Prudential Financial Announces Leadership Changes Designed to Strengthen Position in U.S. Markets

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE:PRU) announced today a series of leadership changes for its annuities and group insurance operations, which will take effect on December 7.

Bob O’Donnell, currently head of Prudential Annuities, has been tapped to lead a new organization that will focus on innovation and development of new growth opportunities across all of Prudential’s U.S. business operations.

Lori Fouché, currently head of Prudential’s Group Insurance operation, will succeed O’Donnell as president of Prudential Annuities.

Andrew Sullivan, currently chief operations officer for Prudential Group Insurance, will succeed Fouché as that business unit’s president.

“This series of leadership changes illustrates the deep bench of talent we have developed across the leadership team of our U.S. operations,” said Stephen Pelletier, executive vice president and chief operating officer of Prudential’s U.S. Businesses. “Bob, Lori and Andy are consummate leaders, and will help to continue our strong business momentum in the U.S. and to seize new opportunities for growth.”

O’Donnell joined Prudential in 2003, following the company’s acquisition of American Skandia, where he had been a member of the Product Development Department since 1997. Prior to assuming his role as president of Prudential Annuities in 2012, O’Donnell was the operation’s vice president of product, investments, and marketing, and was responsible for its...