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Prudential Financial logoPrudential Financial PRU

Prudential Financial announced on December 18, 2025 that Caroline A. Feeney, Executive Vice President and Global Head of Retirement and Insurance, will be leaving the company in connection with an internal reorganization pursuant to which her position is being eliminated. Feeney will continue in her current role until February 2, 2026.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Prudential Financial announced on December 18, 2025 that Caroline A. Feeney, Executive Vice President and Global Head of Retirement and Insurance, will be leaving the company in connection with an internal reorganization pursuant to which her position is being eliminated. Feeney will continue in her current role until February 2, 2026.

  2. The company appointed Phil Waldeck, currently head of Multi-Asset and Quantitative Solutions at PGIM, as executive vice president, head of Prudential's U.S. Businesses, effective February 2, 2026.

  3. Prudential Financial said that leaders responsible for the company's U.S. Businesses, Emerging Markets, Japan Group and PGIM will now report directly to Chief Executive Officer Andrew (Andy) Sullivan. The company described this as a realignment of its senior business leadership structure to streamline operations in the company's largest markets.

  4. The company said Waldeck has served as head of PGIM's Multi-Asset and Quantitative Solutions business since 2021, and previously served as Prudential's chief transformation officer and president of Retirement. The Investment & Pension Solutions business he led had $250 billion in assets.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Caroline Feeney Departure Announced

Prudential Financial announced on December 18, 2025 that Caroline A. Feeney, Executive Vice President and Global Head of Retirement and Insurance, will be leaving the company in connection with an internal reorganization pursuant to which her position is being eliminated. Feeney will continue in her current role until February 2, 2026.

Source · Based on the filing body and exhibits

Phil Waldeck Appointed Head of U.S. Businesses

The company appointed Phil Waldeck, currently head of Multi-Asset and Quantitative Solutions at PGIM, as executive vice president, head of Prudential's U.S. Businesses, effective February 2, 2026.

Source · Based on the filing body and exhibits

Key Business Leaders to Report Directly to CEO

Prudential Financial said that leaders responsible for the company's U.S. Businesses, Emerging Markets, Japan Group and PGIM will now report directly to Chief Executive Officer Andrew (Andy) Sullivan. The company described this as a realignment of its senior business leadership structure to streamline operations in the company's largest markets.

Source · Based on the filing body and exhibits

Waldeck's Background and Business Scale

The company said Waldeck has served as head of PGIM's Multi-Asset and Quantitative Solutions business since 2021, and previously served as Prudential's chief transformation officer and president of Retirement. The Investment & Pension Solutions business he led had $250 billion in assets.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.