Prudential puts key units under CEO Sullivan in leadership overhaul
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Prudential Financial is undergoing a major leadership overhaul, placing key unit heads under CEO Andrew Sullivan. Phil Waldeck is appointed head of U.S. businesses, effective February 2. The restructuring aims to strengthen individual businesses, following a merger of investment management units. Caroline Feeney, global head of retirement and insurance, will leave the company. Prudential's shares have underperformed the S&P 500 this year.
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