Prudential’s Wells Said in Line to Replace Thiam as CEO
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Prudential Plc, Britain’s largest insurer, is due to name Mike Wells as chief executive officer, succeeding Tidjane Thiam, who is set to run Credit Suisse Group AG, a person with knowledge of the matter said.
The company plans to make an announcement once the U.K. regulator has approved the choice, Chairman Paul Manduca said on a conference call on Tuesday, without commenting further. Wells has been CEO of London-based Prudential’s Jackson National Life U.S. unit since 2010.