Prudential Financial elects former EY executive Carmine Di Sibio to board

Carmine Di Sibio, the recently retired global chairman and CEO of EY, has been elected to Prudential Financial‘s board of directors as an independent director. He will serve on the Newark-based board’s audit committee.

Di Sibio led EY’s global strategy, through which the organization invested more than $10 billion in technology, solutions and EY people over the last five years. Additionally, he spearheaded its innovation efforts into new and emerging fields through acquisitions and alliances.

“Carmine brings to Prudential a deep understanding of business strategy and innovation, which will help guide our continued efforts to be a higher-growth, more capital-efficient and more nimble company,” Gil Casellas, director and chair of the board’s Corporate Governance and Business Ethics Committee, said. “We are excited to welcome him to Prudential’s board and look forward to working together.”

At EY, Di Sibio previously served as global managing partner, client services. Prior to that, he held several global operating and leadership positions, including chair of the Global Financial Services Markets and regional managing partner for the Americas Financial Services Organization. Since joining EY in 1985, he has served as an Advisory and Assurance partner for many financial services accounts.

Di Sibio serves as a member of the board of PayPal, a digital payments technology platform, and Focusing Capital on the Long Term, a nonprofit organization that encourages long-term behaviors in business and investment decision-making. He is also a member of the World Economic Forum’s International Business Council.