A number of executive moves were announced recently by Prudential Financial, including the promotion of Andrew Sullivan to excutive vice president and head of U.S. Businesses, following the retirement of Stephen Pelletier on Dec. 1.
Prudential’s president of Retirement and Pension Risk Transfer, Phil Waldeck, will be moving into Sullivan’s former role as head of the Workplace Solutions Group. The current president of Prudential Annuities, Kent Sluyter, is also retiring.
Prudential Retirement’s new president will be Yanela Frias, currently head of the Investment and Pension Solutions divisions within the business. Dylan Tyson is taking over as president of Prudential Annuities.
The changes “accelerate the momentum that the existing U.S. leadership team has created over the past several years,” said Charles Lowrey, chairman and CEO of the firm. “Andy and his executive team will continue to bring a broader set of financial wellness solutions to more people in new ways.”
He said the firm’s strategy for expanding market reach is effective and continues to strengthen.