Prudential CEO Andrew Sullivan Takes Over as Chairman
Event summary
- Andrew Sullivan appointed Chairman and CEO of Prudential Financial, effective March 10, 2026.
- Charles Lowrey steps down as Executive Chairman after 25 years, including roles as CEO (2018–2025) and Chairman (2019–2025).
- Lowrey will serve as senior advisor until Q3 2026 before retiring.
- Sullivan emphasizes continued execution of strategy and long-term value creation.
The big picture
Prudential’s leadership transition comes amid a broader industry shift toward consolidating executive roles for streamlined governance. With $1.6 trillion in AUM, the company faces pressure to maintain momentum after Lowrey’s transformative tenure, which included navigating the pandemic and restructuring initiatives.
What we're watching
- Leadership Continuity
- How Sullivan’s dual role as Chairman and CEO will impact strategic decision-making and execution.
- Post-Lowrey Strategy
- Whether Prudential can sustain its growth trajectory under new leadership after Lowrey’s 25-year tenure.
- Market Positioning
- The pace at which Sullivan will advance derisking transactions and organizational changes to strengthen competitiveness.
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