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