Prudential Investments adds three new independent directors to its open-end
mutual fund board
NEWARK, N.J. -- September 4, 2013
Ellen S. Alberding, Keith F. Hartstein and James Quinn have been named
independent directors for Prudential Investments’ open-end mutual fund board
of directors. Prudential Investments is the mutual fund business of Prudential
Financial, Inc. (NYSE:PRU), offering mutual funds across a range of asset
classes and sectors.
“We look forward to the insight and expertise Ms. Alberding, and Messrs.
Hartstein and Quinn will offer as we grow our business, strengthen our fund
family and deliver quality solutions that help address the needs of our
shareholders," said Stuart Parker, president of Prudential Investments.
Alberding is president and a member of the board of directors of the Joyce
Foundation, a charity that develops and manages grant-making strategy on
complex policy issues aimed at improving air and water quality; reducing the
achievement gap for low income and minority students in urban schools; and
increasing access to high quality jobs in the Midwest. Previously, she managed
the foundation’s investment portfolio.
Hartstein was president and chief executive officer of John Hancock Funds, the
mutual funds business unit of John Hancock Financial Services, from 2005 to
2012, after holding several executive management positions at the company. He
is also a former chairman of the Investment Company Institute’s sales force
marketing committee, having served in that role from 2003 to 2008.
Quinn was formerly president, director and vice chairman of Tiffany & Co., a
leading jewelry retailer. He also serves on the board of directors of Mutual
of America Capital Management Corporation, an asset management firm, and is a
director of Deckers Outdoor Corporation, a footwear manufacturer. Previously,
he held various executive management positions at Tiffany & Co. and was a
member of the board of directors of the Bank of New York Hamilton Funds from
1996 to 2008.
“We are extremely pleased to welcome Ms. Alberding, and Messrs. Hartstein and
Quinn to the board of directors. Each new member brings a unique perspective
and experience that will be valuable to shareholders and in the governance of
Prudential's funds,” said board Chairman Richard Redeker.
Alberding, Hartstein and Quinn join the board as independent directors. The
board is now comprised of 12 directors, 10 of whom are considered independent
under applicable securities laws.
Prudential Investments offers mutual funds across a range of asset classes and
sectors, including equity, fixed income, real estate, and specialty
securities. Please visit http://www.prudentialfunds.com for more information.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more
than $1 trillion of assets under management as of June 30, 2013, has
operations in the United States, Asia, Europe, and Latin America. Prudential’s
diverse and talented employees are committed to helping individual and
institutional customers grow and protect their wealth through a variety of
products and services, including life insurance, annuities, retirement-related
services, mutual funds and investment management. In the U.S., Prudential’s
iconic Rock symbol has stood for strength, stability, expertise and innovation
for more than a century. For more information, please visit
Mutual fund investing involves risk. Some mutual funds have more risk than
others. The investment return and principal value will fluctuate, and shares,
when sold, may be worth more or less than the original cost, and it is
possible to lose money. There is no guarantee a Fund’s objectives will be
achieved. The risks associated with each fund are explained more fully in each
fund’s respective prospectus.
Consider a fund’s investment objectives, risks, charges, and expenses
carefully before investing. The prospectus and summary prospectus contain this
and other information about the fund. Read the prospectus and summary
prospectus carefully before investing.
Mutual funds are distributed by Prudential Investment Management Services LLC,
a Prudential Financial company. Prudential Investments, Prudential, the
Prudential logo and the Rock symbol are service marks of Prudential Financial,
Inc. and its related entities, registered in many jurisdictions worldwide.
Theresa Miller, 973-802-7455
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