Newark-based Prudential Financial Inc. announced Friday a number of senior management changes.
According to the release, Prudential chairman and CEO John Strangfeld announced that Ed Baird, executive vice president and chief operating officer of Prudential's International Division, will retire on April 1.
Taking over the position will be Charles F. Lowrey, who for the past three years has served as executive vice president and chief operating officer of Prudential's U.S.-based businesses, which are comprised of Prudential Investment Management, Prudential Retirement, Prudential Annuities, Individual Life Insurance and Group Insurance. Together, these businesses had approximately $1 trillion in assets under management as of Dec. 31, 2013.
Steve Pelletier, currently CEO of Prudential's Group Insurance business, which provides energy benefits solutions will succeed Lowrey as head of U.S. Businesses. He will be promoted to executive vice president.
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