Board Leadership

Chairman and Chief Executive Officer, Prudential Financial, Inc.

Prudential was founded in 1875 with the belief that financial security should be within reach of everyone. Over the last 140 plus years, this has remained its guiding principle as it has grown from a U.S. mutual insurance company into a global financial services leader.

John Strangfeld has served as the company’s Chairman and CEO since 2008. In that time, he has established a clarity of focus on talent and culture as the key drivers of Prudential’s innovation, execution and superior performance. The hallmark of the company’s culture is the leader-led mantra of “no drama, low ego, high impact.” This philosophy embraces the power and wisdom of teamwork and inclusion, which extends to a highly engaged and diverse Board of Directors.

Under Mr. Strangfeld’s leadership, Prudential has established itself as a premier provider of retirement, investment management and financial protection solutions for both individuals and institutions:

• Innovative leader in pension risk transfer—more than $100 billion in completed transactions
• Among the top providers of workplace retirement plans and individual retirement income solutions
• One of the 10 largest global asset managers—$1.4 trillion in assets under management as of June 30, 2018
• One of the largest life insurance companies—in both the U.S. and Japan
• International presence—nearly 50 percent of the company’s operating earnings and employees are outside the U.S.

As the world population ages and social safety nets shrink, Prudential not only has broadened its financial offerings, but also has emerged as a leader in corporate social responsibility and impact investing. Prudential is proud to have earned the No.1 ranking in FORTUNE® magazine’s 2018 listing of the “World’s Most Admired Companies®” in the “Insurance: Life and Health” category. The company has held the top spot in this annual ranking for the last three years.

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. He is an emeritus member of Susquehanna University’s Board of Trustees after serving as Board Chair for 10 years. He also served for 12 years as a member of the Board of Trustees of the Darden School Foundation. In 2005, Mr. Strangfeld established and continues to sponsor an MBA scholarship program at Darden for military officers seeking to transition into leadership roles in civilian life.

Mr. Strangfeld is Chair of the Board of Directors of the New Jersey Performing Arts Center, a member of the Executive Committee of the Board of Memorial Sloan Kettering Cancer Center and a Vice Chairman of the Geneva Association.

Chairman, President and Chief Executive Officer, Park Hotels & Resorts, Inc.

Mr. Baltimore has been the Chairman, President and Chief Executive Officer (CEO) of Park Hotels & Resorts, Inc. (a NYSE-listed lodging real estate investment trust) since January 2017. Between May 2016 and January 2017, Mr. Baltimore was the President and CEO of the planned Hilton Real Estate Investment Trust. Previously, he was President and CEO of RLJ Lodging Trust (a NYSE-listed real estate investment company) from May 2011 to May 2016. 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. Mr. Baltimore currently serves on the board of Park Hotels & Resorts, Inc.

Chairman, OMNITRU

Mr. Casellas has been Chairman of OMNITRU (a consulting and investment firm) since 2011. He was the VP, Corporate Responsibility of Dell Inc. (a global computer manufacturer) 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.

Vice Chairman, Prudential Financial, Inc.

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 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 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 Divisions.

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, N.M. He attended Eastern Illinois University where he received a bachelor’s degree and a master’s degree in economics. Mr. Grier also earned an MBA in finance and corporate accounting from The University of Rochester.

Chief Financial Officer, Mastercard Worldwide

Ms. Hund-Mejean has served as the Chief Financial Officer (CFO) 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 Senior Vice President (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.

Former President and Chief Operating Officer, United Technologies Corporation

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. Mr. Krapek is also the co-founder of The Keystone Companies, which was founded in 2002 and develops residential and commercial real estate. Mr. Krapek currently serves on the boards of Northrop Grumman Corporation and Pensare Acquisitions Corporation.

Former Vice Chairman of J.P. Morgan Corporate Bank and Founding Chairman of J.P. Morgan Chase Bank, China

Mr. Lighte served as the Vice Chairman, J.P. Morgan Corporate Bank, China, from 2010 to 2014, and the founding Chairman of J.P. Morgan Chase Bank China, from 2007 to 2010. Prior to that, he headed the Company’s International Client Coverage for Treasury and Securities Services in J.P. Morgan’s European Global Operating Services Division and was instrumental in re-establishing its corporate bank in London. Mr. Lighte previously served as the President of Chase Trust Bank in Tokyo from 2000 to 2002. He was also the founding representative in Beijing of Manufacturers Hanover Trust Company. Mr. Lighte has also taught at several academic institutions, including Middlebury College and the University of Santa Clara.

Non-Executive Chairman and Former Chief Executive Officer, Express Scripts Holding Company

Mr. Paz is the Non-Executive Chairman of Express Scripts Holding Company (Express Scripts), a prescription benefit management company, and served as the CEO of Express Scripts from April 2005 to May 2016. Mr. Paz also served as the President of Express Scripts from October 2003 to February 2014 and has been a director since January 2004. He joined Express Scripts in 1998 as SVP and CFO. Prior to joining Express Scripts, Mr. Paz was a partner at Coopers and Lybrand from 1988 to 1993 and 1996 to 1998 and served as Executive Vice President and CFO for Life Partners Group from 1993 to 1995. Mr. Paz currently serves on the boards of Express Scripts Holding Company and Honeywell International, Inc.

Former President and Chief Executive Officer of the Federal Reserve Bank of Cleveland

Ms. Pianalto served as the President and CEO of the Federal Reserve Bank of Cleveland (the Cleveland Fed) from February 2003 until her retirement in May 2014. She was the First Vice President and COO of the Cleveland Fed from 1993 to 2003 and served as its VP and Secretary to the Board of Directors from 1988 to 1993. Ms. Pianalto also served in various supervisory roles at the Cleveland Fed from 1983 to 1988. Prior to joining the Cleveland Fed, Ms. Pianalto was an economist at the Board of Governors of the Federal Reserve System and served on the staff of the Budget Committee of the U.S. House of Representatives. Ms. Pianalto currently serves on the boards of Eaton Corporation plc, The J.M. Smucker Company and FirstEnergy Corp.

Professor, The Max M. Fisher College of Business, The Ohio State University

Ms. Poon served as Dean of Fisher College of Business at The Ohio State University from May 2009 until November 2014 and is now a member of the faculty. 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. Ms. Poon currently serves on the boards of Koninkliike Philips Electronics NV, Regeneron Pharmaceuticals and The Sherwin-Williams Company.

Founder, Managing Member, Comprehensive Financial Strategies

Mr. Scovanner has been the Founder and Managing Member of Comprehensive Financial Strategies, LLC, a management consulting firm, since October 2013. Previously, he served as the CFO (1994 to 2012) and Executive Vice President (2000 to 2012) of the Target Corporation (a North American retailer). Prior to joining the Target Corporation, Mr. Scovanner held various management positions at The Fleming Companies, Inc., Coca-Cola Enterprises, Inc., The Coca-Cola Company and the Ford Motor Company from 1979 to 1994.

Former Vice Chairman, Whirlpool Corporation

Mr. Todman served as Vice Chairman of the Whirlpool Corporation (Whirlpool), a global manufacturer of home appliances, from November 2014 to December 2015. Mr. Todman previously served as President of Whirlpool International from 2006 to 2007 and 2010 to 2014, as well as President, Whirlpool North America from 2007 to 2010. Mr. Todman held several senior positions including Executive Vice President and President of Whirlpool Europe from 2001 to 2005 and Executive Vice President, Whirlpool North America, in 2001. Prior to joining Whirlpool, Mr. Todman served in a variety of leadership positions at Wang Laboratories Inc. and Price Waterhouse and Co. Mr. Todman currently serves on the boards of Brown-Forman Corporation and Newell Brands.