The board of directors of Prudential Financial has elected a new chief executive officer.
John R. Strangfeld will take the reins of the Newark-based insurance and financial services company on Jan. 1.
Strangfeld, 53, currently runs all of Prudential’s U.S. businesses.
He succeeds Arthur F. Ryan, who is retiring as CEO at the end of 2007. Strangfeld also becomes chairman after Ryan retires from that job in May 2008.
Strangfeld began his career at Prudential 30 years ago
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