Group News Releases

Prudential plc Board appointment

24 Jul 2003

Prudential plc announced today the appointment of Bridget Macaskill as a non-executive director with effect from 1 September 2003.

Ms Macaskill, who is based in New York, spent 18 years at OppenheimerFunds, becoming Chief Executive Officer in 1995 and Chairman in 2000. She is now an independent consultant for Merrill Lynch and a non-executive director of J Sainsbury plc. She also serves on the boards and committees of several not-for-profit organisations, with a focus on youth and education.

Ms Macaskill was previously a non-executive director of Prudential between May 1999 and March 2001. She stepped down due to a potential conflict of interest arising from her then role at OppenheimerFunds Inc (part of the MassMutual Financial Services Group, a US mutual life insurance company) and Prudential's US business.

David Clementi, Chairman of Prudential, said “We are delighted to welcome back Bridget and look forward to her resuming her role at Prudential.”

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