Prudential Financial’s (PRU) board named CEO Andrew Sullivan to the additional post of chairman, succeeding Charles Lowrey, who stepped down from the role, effective Tuesday.
Lowrey will remain with the company as senior advisor through the end of Q2, when he will retire from the company. He served the company as CEO from 2018 to 2025 and chairman from 2019 to 2025, when he became executive chairman.
Prudential (PRU) stock was little changed in after-hours trading.