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Prudential Financial stated the appointment of Yanela Frias as its new executive vice president and chief financial officer (CFO). She will succeed Ken Tanji, who will step down on Sept. 30.
According to Reuters, Frias will start working in her new role on Mar. 15. She will join the executive leadership team and directly report to Prudential’s vice chairman, Robert Falzon. Tanji will stay with the company until his official exit to ensure a smooth leadership transition.
Appreciation for the Outgoing Executive
On behalf of the management and Board of Directors, the CEO also expressed gratitude to the outgoing CFO for his 35 years of excellent service. He also acknowledged that Tanji has made many contributions to the company and has remained committed to Prudential until the day he steps down.
“Ken has played an important role in Prudential’s success, holding a variety of finance leadership positions over his tenure with the company and, most recently, in directing the company’s financial strategy,” Prudential Financial’s chairman and chief executive officer Charles Lowrey, said in a press release. “He made meaningful contributions as our CFO, including leading de-risking and capital release transactions, delivering on expense objectives, and successfully steering the company through the financial challenges of the pandemic and ensuing market volatility.”
New Financial Chief
Robert Falzon believes Frias will do a good job in the new chief financial role as she has an extensive background in the business. The incoming CFO is a Certified Public Accountant who earned her bachelor’s degree in accounting from Rutgers University and took her MBA in finance.
“Yanela is a seasoned executive with a broad range of experience in all facets of financial management and a proven track record of leading large, complex organizations,” Falzon said. “She has a deep understanding of both our business and the life insurance, annuities, and retirement industry and we look forward to the impact she is sure to have in her new role.”
Photo by: Hari Nandakumar/Unsplash
