Caroline Feeney has been named head of the Individual Solutions Group at Prudential Financial, and Salene Hitchcock-Gear was tapped to replace her as president of individual life insurance, the company said.
The Individual Solutions Group that Feeney is now heading is comprised of annuities and individual life insurance.
Prudential Advisors, the division that Hitchcock-Gear was president of, is included in the segment she will now head.
Feeney has been with Newark-based Prudential since 1993, serving in several leadership positions and executive roles throughout her tenure. She is the company representative for the National Association for Female Executives and serves on the Executive Roundtable.
Feeney also serves as chairman of the board for Pruco Securities LLC and chairman of Prudential Insurance Agency LLC.
According to Prudential, more than 50 percent of promotions to the managerial level at the company go to women.