Prudential plc today announced that Nick Prettejohn, currentlychief executive of Lloyd's, will become CEO of Prudential's UnitedKingdom Insurance Operations on Jan. 1, 2006.
Mark Wood, Prudential's current CEO, will leave the company atthe end of January after more than four years on the job.Prudential said in a statement that Mr. Wood will be "leaving theboard with immediate effect."
Lloyd's, in a statement, said that Luke Savage, director offinance and risk management, will become acting chief executiveuntil a new appointment is made. After that he will revert to hiscurrent position. The market declined to comment on speculationabout a possible permanent successor to Mr. Prettejohn.
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