Prudential hires former Aviva Executive as Group Finance Director
The Board of Prudential Plc has announced the appointment of Tidjane Thiam as Group Finance Director as successor to Philip Broadley.
Tidjane is expected to join the Prudential Board in April 2008 as an Executive Director.
Tidjane joins from Aviva where he is currently Chief Executive Officer, Europe. He has also held the positions of Group Strategy and Development Director and Managing Director, Aviva International. Prior to Aviva, Tidjane was a partner with McKinsey & Company in France and Minister of Planning and Development of Cote D’Ivoire.
To ensure a smooth handover of responsibilities, Philip will remain on the Board until the Annual General Meeting on 15 May 2008 and be responsible for the 2007 financial statements. Philip will leave the Group on 31 May 2008.
Commenting, Mark Tucker, Group Chief Executive, said:
“I am truly delighted to welcome Tidjane to Prudential. Tidjane’s diverse background and experience mean that he is well-suited to help lead Prudential to the next stage of its development. He is widely respected in the industry and has a great reputation for optimising performance and value. I look forward to the strong contribution he will make to the Board.
“I am very sorry Philip is leaving us. He will do so after eight years, during which time he has made a great contribution to Prudential and been a valued partner to me as Group Chief Executive. We wish him all the very best for the future. I am pleased that we have managed to have such a well defined and smooth transition plan.”
Commenting, Philip Broadley said:
“I have really enjoyed my time at Prudential, working with a talented group of colleagues. Next year I will have completed eight years as Group Finance Director and it is the right time to look for fresh challenges.”
Commenting, Tidjane Thiam said:
“I am delighted to be joining Prudential at this time of rapid growth. Prudential is one of the best performing players in the industry with an outstanding team and a great outlook.”