This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Robert Falzon Named CFO Of Prudential Financial; Rich Carbone Retires From The Role After 16 Years

Prudential Financial, Inc. (NYSE:PRU) has named Robert Falzon as executive vice president and chief financial officer (CFO), succeeding the retiring Rich Carbone and reporting to Vice Chairman Mark Grier, effective March 4. Carbone held the CFO position for 16 years, helping to transform Prudential from a mutual to a public company during one of the most turbulent decades for the U.S. economy. Prudential also announced that Ken Tanji will become senior vice president and treasurer, reporting to Falzon; John Hanrahan will return to the U.S. to become senior vice president, chief administrative officer (CAO) and CFO for the International Businesses; and Shoichiro Ichitani will succeed Hanrahan as president of Prudential of Japan. Hanrahan and Ichitani’s new roles will become effective on April 1.

“Prudential has benefited greatly from Rich’s keen intellect and vast experience. We are deeply grateful for his distinguished service and many contributions to the company,” said Prudential Chairman and CEO John Strangfeld. “We are also privileged to have a talented bench within our finance organization, and I am pleased that Rob Falzon will become our next CFO. As Prudential’s treasurer, he has developed a deep understanding of the company and its businesses. This knowledge and his experience in managing the company’s capital and liquidity, corporate finance, banking and cash management will serve him well in his new role.”

“Rich brought discipline and a high standard of excellence to everything he did. His role in building a world-class finance organization will stand as a lasting legacy,” said Grier. “Rob’s previous experience and 15-year career in a variety of roles at Prudential have given him a strong foundation to be our next CFO. Prior to his role as treasurer, he was a managing director in the Investment Banking Group at Prudential Securities, where he managed numerous public and private equity offerings and worked extensively on mergers and acquisitions. In addition, he worked in Prudential Real Estate Investors’ Global Merchant Banking Group and was CEO of its European business.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs