Prudential Names Mike Wells to Succeed Thiam as Group CEO
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Prudential Plc named Mike Wells as chief executive officer of Britain’s largest insurer, replacing Tidjane Thiam, who is set to take over at Credit Suisse Group AG next month.
Wells, who has run the insurer’s Jackson National Life U.S. unit since 2010, will succeed Thiam on June 1, London-based Prudential said in a statement Friday. Canadian-born Wells could be paid as much as 7.5 million pounds ($11.4 million) in salary, bonus and long-term share and cash awards.