LONDON, UK -- (MARKET WIRE) -- April 12, 2007 --
Embargo: 10.00am Thursday 12 April 2007
PRUDENTIAL PLC BOARD CHANGE
Prudential plc announces today that Roberto Mendoza will be
retiring from the Board of the Company, following the Annual
General Meeting to be held on 17 May 2007, after 7 years of
service. Mr Mendoza joined the board of Prudential in May
2000 as a non-executive director and, from 2002 to 2006,
he acted as Chairman of the Remuneration Committee. He was
also non-executive Chairman of Egg plc from its flotation
in 2000 to its de-listing in 2006.
Sir David Clementi, Chairman Prudential plc, said: "Roberto
has been an invaluable member of the Board for seven years,
during which there have been significant changes to the Group.
I would like to thank him for his significant contribution as
a non-executive director."
ENDS
Enquiries:
Media Investors/Analysts
William Baldwin-Charles Valerie Pariente
+44 20 7548 3719 +44 20 7548 3511
Notes to Editor:
Prudential plc is a company incorporated and with its principal
place of business in England, and its affiliated companies
constitute one of the world's leading financial services
groups. It provides insurance and financial services directly
and through its subsidiaries and affiliates throughout the world.
It has been in existence for over 150 years and has GBP250.7
billion in assets under management as at 31st December 2006.
Prudential plc is not affiliated in any manner with Prudential
Financial, Inc, a company whose principal place of business
is in the United States of America.
Forward-Looking Statements
This statement may contain certain "forward-looking statements"
with respect to certain of Prudential's plans and its current
goals and expectations relating to its future financial condition,
performance, results, strategy and objectives. Statements
containing the words "believes", "intends", "expects", "plans",
"seeks" and "anticipates", and words of similar meaning, are
forward-looking. By their nature, all forward-looking statements
involve risk and uncertainty because they relate to future events
and circumstances which are beyond Prudential's control including
among other things, UK domestic and global economic and business
conditions, market related risks such as fluctuations in interest
rates and exchange rates, and the performance of financial markets
generally; the policies and actions of regulatory authorities,
the impact of competition, inflation, and deflation; experience
in particular with regard to mortality and morbidity trends,
lapse rates and policy renewal rates; the timing, impact and
other uncertainties of future acquisitions or combinations
within relevant industries; and the impact of changes in capital,
solvency or accounting standards, and tax and other legislation
and regulations in the jurisdictions in which Prudential and its
affiliates operate. This may for example result in changes to
assumptions used for determining results of operations or
re-estimations of reserves for future policy benefits. As a
result, Prudential's actual future financial condition, performance
and results may differ materially from the plans, goals, and
expectations set forth in Prudential's forward-looking statements.
Prudential undertakes no obligation to update the forward-looking
statements contained in this statement or any other
forward-looking statements it may make.
This information is provided by RNS
The company news service from the London Stock Exchange