Prudential Financial Inc. has named a new CEO for its U.S. Insurance & Retirement businesses, it announced Monday.
Caroline Feeney assumed the newly created role Monday, responsible for driving growth across a consolidated portfolio of the Newark-based financial services giant’s U.S. businesses, while ensuring alignment with PGIM, the company’s asset management unit.
Feeney will now oversee Group Insurance, Individual Life Insurance, Prudential Annuities, Prudential Retirement and the Retail Advice and Solutions organization, the company said in a news release, among other responsibilities.
She will continue to report to Andy Sullivan, executive vice president and head of U.S. businesses.
“Caroline’s business savvy, deep industry experience and peoplecentric leadership style will help us realize the full potential of our businesses,” Sullivan said in a prepared statement. “She is a true ambassador for the Prudential brand and a passionate advocate for our company’s purpose: to make lives better by solving the financial challenges of our changing world.”
Feeney is a 27-year veteran of the company, rising to her most recent role as CEO of Individual Solutions. She had previously served as president of Prudential Advisors and president of Individual Life Insurance, among other leadership roles. She also leads the Women Empowered business resource group.