4th Apr 2006 07:00
Prudential PLC04 April 2006 Embargo: 07.00 Tuesday 4 April 2006 Prudential plc announces the appointment of Lord Turnbull KCB CVO as anon-executive director Prudential plc is pleased to announce today the appointment of Lord Turnbull KCBCVO as an additional non-executive director. He will join the Board on 18 May2006 following the Annual General Meeting. From 2002 to his retirement in 2005,Andrew Turnbull was Secretary of the Cabinet and Head of the Home Civil Service.Prior to this he was Permanent Secretary at HM Treasury. Rob Rowley will be retiring from the Board at the conclusion of the AnnualGeneral Meeting after almost 7 years' service as a non-executive director. Hewill be replaced as Senior independent non-executive director by James Ross whowas appointed to the Board in May 2004. Kathleen O'Donovan, who joined the Boardin May 2003, will replace Mr Rowley as Chairman of the Audit Committee. On thesame date, Bridget Macaskill, who re-joined the Board in September 2003, will beappointed Chairman of the Remuneration Committee in place of Roberto Mendoza,who will remain as a non-executive director and member of the RemunerationCommittee. - ENDS - Enquiries: Media InvestorsWilliam Baldwin-Charles 020 7548 3719 James Matthews 020 7548 3561Joanne Doyle 020 7548 3708 Marina Novis 020 7548 3511 Notes to Editors: Lord Turnbull - Biography: Andrew Turnbull studied economics at Cambridge. From 1968-70 he was an OverseasInstitute Fellow working as an economist for the Zambian Government. In 1970, hejoined HM Treasury. From 1983-85 he was Private Secretary (Economics) to thePrime Minister and he returned to No 10 as Principal Private Secretary toMargaret Thatcher and then John Major. From 1994-98 he was Permanent Secretary at the Department of the Environment(later Environment, Transport and the Regions). He returned to HM Treasury in1998 as Permanent Secretary. In 2002 he became Secretary of the Cabinet and Headof the Home Civil Service until he retired in the summer of 2005. He entered theHouse of Lords as a Life Peer in 2005. Lord Turnbull is a non-executive director of Frontier Economics Ltd and TheBritish Land Company PLC. He also works part-time as a Senior Adviser to theLondon partners of Booz Allen Hamilton (UK). The Prime Minister has approved this appointment on the advice of the AdvisoryCommittee on Business Appointments. *Prudential plc, a company incorporated and with its principal place of businessin the United Kingdom, and its affiliated companies constitute one of theworld's leading financial services groups. It provides insurance and financialservices directly and through its subsidiaries and affiliates throughout theworld. It has been in existence for over 150 years and has £234 billion inassets under management, (as at 31 December 2005). Prudential plc is notaffiliated in any manner with Prudential Financial, Inc, a company whoseprincipal place of business is in the United States of America. Forward-Looking Statements This statement may contain certain "forward-looking statements" with respect tocertain of Prudential's plans and its current goals and expectations relating toits future financial condition, performance, results, strategy and objectives.Statements containing the words "believes", "intends", "expects", "plans","seeks" and "anticipates", and words of similar meaning, are forward-looking. Bytheir nature, all forward-looking statements involve risk and uncertaintybecause they relate to future events and circumstances which are beyondPrudential's control including among other things, UK domestic and globaleconomic and business conditions, market related risks such as fluctuations ininterest rates and exchange rates, and the performance of financial marketsgenerally; the policies and actions of regulatory authorities, the impact ofcompetition, inflation, and deflation; experience in particular with regard tomortality and morbidity trends, lapse rates and policy renewal rates; thetiming, impact and other uncertainties of future acquisitions or combinationswithin relevant industries; and the impact of changes in capital, solvency oraccounting standards, and tax and other legislation and regulations in thejurisdictions in which Prudential and its affiliates operate. This may forexample result in changes to assumptions used for determining results ofoperations or re-estimations of reserves for future policy benefits. As aresult, Prudential's actual future financial condition, performance and resultsmay differ materially from the plans, goals, and expectations set forth inPrudential's forward-looking statements. Prudential undertakes no obligation toupdate the forward-looking statements contained in this statement or any otherforward-looking statements it may make. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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