Prudential plc confirmed that Mike Wells will retire as a director of the company with effect from 31 March 2022. Mr. FitzPatrick will retain this position while the Board is conducting a search for a Group CEO, which includes both internal and external candidates. Thereafter he will step down from the Board and remain available to the company as an adviser for a period.

James Turner, formerly Group Chief Risk & Compliance Officer, will become Group CFO, succeeding Mr. FitzPatrick. Avnish Kalra, formerly Chief Risk Officer for the Group's Asian and African businesses, will succeed Mr. Turner as Group Chief Risk & Compliance Officer and will join the Group Executive Committee. Both Mr. Turner and Mr. Kalra will also assume their roles effective 1 April 2022.