Prudential CEO Plans Strategic Update With Japan Sales Paused

Prudential Financial Inc. Chief Executive Officer Andy Sullivan plans to provide investors with a strategic update later this year as the firm contends with a sales pause in Japan, one of its biggest markets.

“Delivering the level of performance our shareholders expect requires a simpler company, clearer priorities and a relentless focus on execution,” Sullivan said Wednesday in a conference call with analysts, after the company reported first-quarter results that beat Wall Street estimates. “The status quo is not an option.”