NICK PRETTEJOHN is to become the new head of Prudential's insurance business by January when current head Mark Wood leaves.
Prettejohn has been chief executive of Lloyd’s since 1999, while Wood has been in his current position at Pru for some four years. Earlier this year Mark Tucker was poached from HBOS to be Pru’s chief executive. The Times notes Tucker’s comments that Prettejohn has experience of implementing “strategic change” – Tucker, of course, was brought in after former cheif exectuive, Jonathan Bloomer, left under a cloud, including a £1bn rights issue that was not executed to the total satisfaction of some institutional shareholders. OIL PRICES AND protectionism are threatening world economic g...
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