Prudential Promotes Andy Sullivan to CEO, Succeeding Lowrey (1)

Prudential Financial Inc. promoted Andy Sullivan to succeed Charlie Lowrey as chief executive officer amid a broader shakeup of the insurer’s top management ranks.

Sullivan, 54, who held leadership positions in all of Prudential’s businesses since he joined in 2011, will take the helm at the end of March, the company said Tuesday in an emailed statement. Lowrey, 66, will remain as executive chairman for 18 months after that.

Vice Chair Robert Falzon, a former chief financial officer, will leave the board before retiring in July, after more than four decades with Newark, New Jersey-based Prudential.

Andy Sullivan and Charlie Lowrey

Source: Prudential Financial Inc.

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