Prudential's Executive Shuffle: Ben Bulmer Takes Reins as CFO Amid Conduct Investigation
Portfolio Pulse from Lekha Gupta
Prudential PLC (NYSE:PUK) has appointed Ben Bulmer as CFO, succeeding James Turner who resigned amid a Code of Conduct investigation related to a recruitment situation. PUK shares are trading 4.48% lower at $26.88 in premarket.
May 31, 2023 | 11:35 am
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Prudential PLC appoints Ben Bulmer as CFO after James Turner resigns amid a Code of Conduct investigation. PUK shares trade 4.48% lower premarket.
The resignation of James Turner as CFO amid a Code of Conduct investigation is a negative development for Prudential PLC. The appointment of Ben Bulmer as the new CFO may help stabilize the situation, but the stock is already trading lower in premarket, indicating a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100