Board Leadership

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John R. Strangfeld
Chairman and CEO, Prudential Financial, Inc.
John R. Strangfeld, Chairman of the Board, Chief Executive Officer & President.

John Strangfeld is Chairman and Chief Executive Officer of Prudential Financial, Inc. (NYSE: PRU), a financial services leader with operations in the United States, Asia, Europe, and Latin America.

With over 135 years of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management.

Since 2010, Prudential has held one of the top two spots in FORTUNE magazine's ranking of the "World's Most Admired Companies" in the “Insurance: Life and Health" category. In addition to its financial strength, Prudential has a strong reputation in social responsibility, and a long-standing commitment to diversity and workplace inclusion.

Before Mr. Strangfeld was named Chairman and CEO in 2008, he was Vice Chairman responsible for Prudential's U.S. Businesses, which include both the Investment and the Insurance Divisions. Prior to his position as Vice Chairman, Mr. Strangfeld held a variety of senior investment positions at Prudential Financial, both within the United States and abroad, including six years in London.

Mr. Strangfeld received a B.S. in Business Administration from Susquehanna University, and an MBA from the Darden School of Business at the University of Virginia, where he is a member of the Raven Society, UVA's oldest honorary society. Mr. Strangfeld also holds the Chartered Financial Analyst (CFA) designation.

Mr. Strangfeld is very involved with both of his alma maters. He is Chairman of the Board of Trustees of Susquehanna University and a member of the Board of Trustees of the Darden School Foundation. In 2005, Mr. Strangfeld initiated, and is an ongoing sponsor of, a recruitment and scholarship program for military officers seeking to transition into leadership roles in civilian life via an MBA at Darden. He is actively pursuing additional ways for Prudential and other corporations to support returning Veterans as they re-enter civilian life.

Mr. Strangfeld is a member of the Financial Services Forum, the Geneva Association, and the American Council of Life Insurers. He is also a member of the Executive Committee of the Board of Directors of the New Jersey Performing Arts Center in Newark, New Jersey.

 
Thomas J. Baltimore, Jr.
President, Chief Executive Officer and Trustee, RLJ Lodging Trust
Thomas J. Baltimore, Jr., Co-Founder and President RLJ Development, LLC

Mr. Baltimore has been the President and Chief Executive Officer of RLJ Lodging Trust (a NYSE-listed real estate investment company) since May 2011. Previously, he served as Co-Founder and President of RLJ Development, LLC (RLJ Lodging’s predecessor company) from 2000 to May 2011. He served as VP, Gaming Acquisitions, of Hilton Hotels Corporation from 1997 to 1998 and later as VP, Development and Finance, from 1999 to 2000. He also served in various management positions with Host Marriott Services, including VP, Business Development, from 1994 to 1996.

 
Gordon M. Bethune
Managing Director, g-b1 Partners
Gordon M. Bethune, Former Chairman and CEO, Continental Airlines, Inc.

Mr. Bethune has been Managing Director of g-b1 Partners (a travel advisory firm) since January 2005. He was Chairman and CEO of Continental Airlines, Inc. from 1996 until his retirement in December 2004. Mr. Bethune was the President and CEO of Continental Airlines from November 1994 to 1996 and served as President and Chief Operating Officer from February 1994 to November 1994. Prior to joining Continental, Mr. Bethune held senior management positions with The Boeing Company, Piedmont Airlines, Western Air Lines, Inc. and Braniff Airlines (various airline companies).

 
Gaston Caperton
Vice Chairman for the Board of Advisors, Leeds Equity Partners
Gaston Caperton, President, The College Board.

Mr. Caperton is the Vice Chairman of the Board of Advisors for Leeds Equity Partners, a private equity firm focused on companies within the knowledge industries. Mr. Caperton is also the Chairman of The Caperton Group, a business investment and development company. He served as the President of The College Board from October 1999 to October 2012. He served as the Governor of the State of West Virginia from 1988 to 1996. From 1963 to 1987, he was an entrepreneur and was CEO and owner of the tenth largest privately owned insurance brokerage firm in the United States. From 1997 to 1999, he was a fellow at Harvard University John F. Kennedy Institute of Politics and was an Executive Director of Columbia University’s Institute on Education & Government at Teachers College. Mr. Caperton was the 1996 Chair of the Democratic Governors Association, served on the National Governors Association’s executive committee and was a member of the Intergovernmental Policy Advisory Committee on U.S. Trade. He also was the Chairman of the Appalachian Regional Commission, Southern Regional Education Board and the Southern Growth Policy Board.

 
Gilbert F. Casellas
Chairman, OMNITRU
Gilbert F. Casellas, Vice President, Corporate Responsibility, Dell, Inc.

Mr. Casellas has been Chairman of OMNITRU (a consulting and investment firm) since 2011. He was the VP, Corporate Responsibility of Dell Inc. from 2007 to 2010. He served as a Member of Mintz Levin Cohn Ferris Glovsky & Popeo, PC from June 2005 to October 2007. He served as President of Casellas & Associates, LLC (a consulting firm) from 2001 to 2005. During 2001, he served as President and CEO of Q-linx, Inc. He served as the President and COO of The Swarthmore Group, Inc. from January 1999 to December 2000. Mr. Casellas served as Chairman, U.S. EEOC from 1994 to 1998 and General Counsel, U.S. Department of the Air Force, from 1993 to 1994.

 
James G. Cullen
Retired President and Chief Operating Officer, Bell Atlantic Corporation
James G. Cullen, Retired President and COO, Bell Atlantic Corporation.

Mr. Cullen served as the President and COO of Bell Atlantic Corporation from December 1998 until his retirement in June 2000. Mr. Cullen was the President and CEO, Telecom Group of Bell Atlantic Corporation from 1997 to 1998 and served as Vice Chairman of Bell Atlantic Corporation from 1995 to 1997. Mr. Cullen has also served as Non-Executive Chairman of the Board of NeuStar, Inc. since November 2010 and the Non-Executive Chairman of the Board of Agilent Technologies, Inc. since March 2005.

 
William H. Gray III
Chairman, Gray Global Strategies, Inc.
William H. Gray III, Chairman, The Amani Group, LLC.

Mr. Gray is Chairman of Gray Global Strategies, Inc. (a business advisory firm), and is a Senior Advisor to Gray Global Advisors, LLC. Mr. Gray was Co-Chairman of GrayLoeffler, LLC from 2009 to 2011. He served as the Chairman of the Amani Group from 2004 to 2009. Mr. Gray served as President and CEO of The College Fund/UNCF from 1991 until his retirement in 2004. From 1979 to 1991, Mr. Gray served as a Member of the U.S. House of Representatives. Mr. Gray, an ordained Baptist minister, is Pastor Emeritus of the Bright Hope Baptist Church of Philadelphia since 2005.

 
Mark B. Grier
Vice Chairman, Prudential Financial, Inc.
Mark B. Grier, Vice Chairman.

Mark B. Grier, a member of Prudential Financial's Office of the Chairman and of its board of directors, oversees the Finance, Risk Management, Chief Investment, Corporate Actuarial, Investor Relations, Global Business & Technology Solutions, Audit and Global Marketing and Communications functions. In addition, Mr. Grier leads Global Strategic Initiatives, which oversees Prudential's international retirement and China strategies.

Mr. Grier joined Prudential as Chief Financial Officer (CFO) in May 1995, with responsibility for oversight of Treasury, Controllers, Tax and business line CFO functions. In 2002, he was named Vice Chairman, with responsibility for Financial Management.

Before joining Prudential, Mr. Grier was co-head of Chase Global Markets and an Executive Vice President of The Chase Manhattan Bank, N.A. In 1987, he was named Individual Banking Financial Management executive for The Chase Manhattan Corporation's Retail Banking businesses. He was also previously responsible for Chase's Business Policy, Asset Management and Financial Control and Analysis

In 1983, Mr. Grier served as senior vice president of Lincoln First Bank, N. A., a forerunner of Chase Lincoln First Bank, N.A. He also served as Global Risk Management executive and treasurer of the bank and its parent company, Lincoln First Banks, Inc. In 1981, Mr. Grier assumed the position of economic and financial policy manager for the bank. He continued in these positions after The Chase Manhattan Corporation acquired Lincoln First in July 1984. Mr. Grier began his career at Lincoln First in 1978 as an economic analyst.

Mr. Grier was born in Albuquerque, New Mexico. He attended Eastern Illinois University where he received a B.A. and an M.A. in economics. Mr. Grier also earned an M.B.A. in finance and corporate accounting from The University of Rochester.

 
Constance J. Horner
Former Assistant to the President of the United States
Constance J. Horner, Former Assistant to the President of the United States of America.

Ms. Horner served as a Guest Scholar at The Brookings Institution from 1993 to 2005, after serving as Assistant to the President of the United States and Director, Presidential Personnel from 1991 to 1993; Deputy Secretary, U.S. Department of Health and Human Services from 1989 to 1991; and Director, U.S. Office of Personnel Management from 1985 to 1989. Ms. Horner was a Commissioner, U.S. Commission on Civil Rights from 1993 to 1998.

 
Martina Hund-Mejean
Chief Financial Officer, MasterCard Worldwide
Martina Hund-Mejean, Chief Financial Officer, MasterCard Incorporated.

Ms. Hund-Mejean has served as the Chief Financial Officer and a member of the Executive Committee at MasterCard Worldwide (a global transaction processing and consulting services company) since 2007. Ms. Hund-Mejean served as SVP and Corporate Treasurer at Tyco International, Ltd. from 2003 to 2007; SVP and Treasurer at Lucent Technologies from 2000 to 2002; and held management positions at General Motors Company from 1988 to 2000. Ms. Hund-Mejean began her career as a credit analyst at Dow Chemical in Frankfurt, Germany.

 
Karl J. Krapek
Co-Founder, The Keystone Companies
Karl J. Krapek, Retired President and COO, United Technologies Corporation.

Mr. Krapek is a co-founder of The Keystone Companies, which was founded in 2002 and develops residential and commercial real estate. Mr. Krapek served as the President and COO of United Technologies Corporation (“UTC”) from 1999 until his retirement in January 2002. Prior to that time, Mr. Krapek held other management positions at UTC, which he joined in 1982.

 
Christine A. Poon
Dean and John W. Berry, Sr. Chair in Business,
Max M. Fisher College of Business at The Ohio State University
Christine A. Poon, Retired Vice Chairman, Board of Directors, Johnson & Johnson.

Ms. Poon has served as Dean of Fisher College of Business, The Ohio State University since May 2009. She served as Vice Chairman and a Member of the Board of Directors of Johnson & Johnson from 2005 until her retirement in March 2009. Ms. Poon joined Johnson & Johnson in 2000 as Company Group Chair in the Pharmaceuticals Group. She became a Member of Johnson & Johnson’s Executive Committee and Worldwide Chair, Pharmaceuticals Group, in 2001, and served as Worldwide Chair, Medicines and Nutritionals from 2003 to 2005. Prior to joining Johnson & Johnson, she served in various management positions at Bristol-Myers Squibb for 15 years.

 
James A. Unruh
Founding Principal, Alerion Capital Group, LLC
James A. Unruh, Founding Principal, Alerion Capital Group, LLC.

Mr. Unruh became a founding Member of Alerion Capital Group, LLC (a private equity investment group) in 1998. Mr. Unruh was with Unisys Corporation from 1987 to 1997, serving as its Chairman and CEO from 1990 to 1997. He also held executive positions with financial management responsibility, including serving as Senior Vice President, Finance, Burroughs Corporation from 1982 to 1987. In addition, Mr. Unruh serves as a director of several privately held companies in connection with his position at Alerion Capital Group, LLC.

Board Diversity

Diversity is an integral part of our Corporate Governance Principles, and the Committee actively considers diversity in recruitment and nominations of directors. The current composition of our Board reflects those efforts and the importance of diversity to the Board:

  • Two directors have worked outside the United States;
  • Two directors are African-American;
  • One director is Asian-American;
  • One director is Hispanic; and
  • Three directors are women.
letter

Letter from the Board of Directors to Our Shareholders

Beginning with the 2010 Proxy Statement, the Board established a new precedent in Board and shareholder communication. In a sincere, open, and honest Letter to Shareholders, the Board sets out its governance philosophy and describes how it is positioning Prudential for strong long-term performance. The letter encourages shareholders to share opinions, interests, and concerns as a valuable way to support the Board in its stewardship of the Company.

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Director Qualifications and Experience

Prudential Financial is a financial services company that offers a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. As such, the Corporate Governance and Business Ethics Committee of the Board evaluates current and potential directors based on the Board's Director Qualification Standards for independence, as well as how an individual director's depth and breadth of experience can add value to the collective range of Board expertise.

Director Qualifications and Experience

Related Links

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Prudential's 2011 Sustainability Report