By Linda Fung
Prudential on Wednesday said it is promoting four senior executives as part of its leadership succession plan announced last week. Scott Sleyster was named executive vice president and chief operating officer, International Businesses, and Ken Tanji was appointed executive vice president and chief financial officer.
Additionally, Timothy Schmidt, Prudential’s head of Global Portfolio Management, will be elevated to chief investment officer, and Nandini Mongia, currently CFO of Prudential Retirement, will be elevated to treasurer. All roles will be effective December 1.
Sleyster, who has served as senior vice president and chief investment officer since 2012, will now report to Charles Lowrey, the newly named Prudential CEO and chairman-elect. Sleyster previously served as head of Prudential’s Full-Service Retirement business, president of Prudential’s Guaranteed Products business, and chief financial officer of Prudential’s Employee Benefits Division, among other leadership roles during his 31-year tenure with the company.
Tanji, who has served as senior vice president and treasurer since 2013, will report to newly named vice chairman Robert Falzon. Before becoming treasurer, Tanji served as chief financial officer of Prudential’s International Businesses. In his 30-year tenure with the company, he has held a variety of finance leadership positions, including within Prudential Annuities, PGIM and Prudential Securities.
Sleyster and Tanji will join the Prudential executive leadership team as executive officers.
“Scott and Ken bring an important mix of investing, finance and market acumen, as well as global perspective, to the executive leadership team,” said CEO and chairman-elect Lowrey.
“Each of these four executives brings a diversity of experience—whether it’s working in both businesses and corporate centers, inside and outside Prudential, in domestic and international operations—which gives them unique perspective, breadth of industry knowledge and valued leadership skills,” said Falzon.
Schmidt, who will report to Falzon, has served for eight years in leadership positions within Prudential’s Chief Investment Office and previously served as CFO of MetLife’s Individual Business.
Mongia, currently CFO of Prudential Retirement, will report to Tanji. Prior to joining Prudential in 2017, Mongia was an investment banker at firms including Deutsche Bank and Credit Suisse, and previously served in business planning and management consulting roles.