Prudential Financial, Inc. announced changes to its Board of Directors and executive leadership. Douglas A. Scovanner informed the Board that he will not seek re-election at the company’s annual meeting on May 13, 2025, after serving for more than 11 years. His departure is for personal reasons and not due to any disagreement with the company.

Additionally, Robert Boyle has been appointed as Senior Vice President, Controller, and Principal Accounting Officer, effective April 7, 2025. Boyle has been with Prudential since 1998, most recently serving as Vice President and Chief Financial Officer for Prudential’s International Insurance Businesses. In connection with his appointment, the Board set his annual salary at $470,000, with a 2025 target annual incentive of $611,000 and a target long-term incentive of $719,000, bringing his total target compensation to $1,800,000.