BusinessCompany NewsTidjane Thiam crowned Prudential CEO

Tidjane Thiam crowned Prudential CEO

Insurer's CFO will assume executive control of insurance giant in October, only 19 months after joining the company

Tidjane Thiam has been named as CEO-in waiting of Prudential, capping off a
meteoric rise to the top of the executive food chain at the FTSE100 insurance
giant.

His appointment comes in the wake of Mark Tucker deciding to step down this
September. Thiam,
tipped
as a future CEO by Accountancy Age
was handed the CFO role at Prudential in
March 2008, despite not being a qualified accountant.

The company said in a statement to the City: ‘Prudential plc announces that
Mark Tucker has informed the board that he intends to step down as group chief
executive on 30 September 2009 after four and a half years. The board is very
sorry to lose Mark, but understands and respects his decision.

‘The board is pleased to announce that Tidjane Thiam, CFO will succeed Mark
Tucker as group chief executive with effect from 1 October 2009.’

Thiam added: ‘I am delighted at this opportunity. Prudential is an
outstanding organisation, with a proud history and an exciting future. I look
forward to taking over from Mark on 1 October.’

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