Prudential Names New Chairman
London and Hong Kong-headquartered insurer Prudential has announced the appointment of a new chairman, ending a six-month search for Shriti Vadera's successor.
Prudential has appointed Sir Douglas Flint as non-executive director and chair designate, according to a statement, effective March and subject to regulatory approval. He will also join the Nomination & Governance and Remuneration Committees. He succeeds Shriti Vadera who will retire as board chair after six years of service.
Flint spent over two decades at HSBC, serving as group finance director from 1995 to 2010 and group chair from 2010 until 2017. Since 2018, he has chaired both Aberdeen Group and IP Group.
«[Flint] brings extensive experience leading global financial institutions, alongside deep experience in Asia, and is ideally positioned to lead the next stage of the Group’s development, taking forward the strong foundations and momentum created during Shriti’s tenure,» said senior independent director Jeremy Anderson, who led the search for Vadera’s successor.
«Douglas brings extremely valuable expertise to the Board and his deep knowledge of Asia is particularly important for the Company. I look forward to working with him to shape the next phase of Prudential’s growth. I am personally deeply grateful for Shriti’s leadership, counsel and support in the last few years,» added CEO Anil Wadhwani.
