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

Stocks in this article: PRU

Carbone joined Prudential as CFO in July of 1997 and was elected executive vice president in 2008.  Previously, he was the global controller of Salomon, Inc., and a managing director of Salomon Brothers.  He also served for a brief period as CFO of Salomon Brothers Europe, based in London.  Prior to Salomon Brothers, he was senior vice president and controller from 1988 to 1993.  In 1993, he joined the Bankers Trust Individual Services Group as managing director, supervising the Brokerage, Banking, Trust and Custody areas for the Private Banking Business.

He began his career at Price Waterhouse & Co. in 1976, and left to join E.F. Hutton Group, Inc. in 1981, where he rose to senior vice president and deputy controller. He received an MBA from St. John’s University and is a Certified Public Accountant. Carbone was an officer in the United States Marine Corps from 1969 to 1972, serving as a platoon commander in Vietnam. Today, he is an advocate for veterans and has worked tirelessly on their behalf.

Although retiring from the CFO position, Carbone has agreed to continue serving as an executive vice president. In this role, he will provide transitional support and strategic leadership on certain projects.

Falzon, who was appointed senior vice president and treasurer of Prudential, in 2009, holds an MBA in finance and accounting from Columbia University and graduated magna cum laude and Phi Beta Kappa with a B.A. in economics from Rutgers University. In addition, is a CFA charterholder, obtained his designation as a Certified Public Accountant and is a member of the CFA Institute and the New York Society of Security Analysts.

The company also promoted Ken Tanji to treasurer, replacing Falzon. Tanji previously served as CFO for the company’s International Businesses and was responsible for financial and actuarial oversight of the International Insurance companies outside the United States, as well as financial oversight of the International Investments and Global Commodities businesses. Before that, he served as vice president of Finance and senior financial officer of Prudential Annuities, which he joined in 2006, with responsibility for its financial reporting, planning, analysis and capital management functions. In addition, he was the business representative for Prudential's retail brokerage joint venture with Wachovia Securities.

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