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Prudential Investments Adds Three New Independent Directors To Its Open-end Mutual Fund Board

Ellen S. Alberding, Keith F. Hartstein and James Quinn have been named independent directors for Prudential Investments’ open-end mutual fund board of directors. Prudential Investments is the mutual fund business of Prudential Financial, Inc. (NYSE:PRU), offering mutual funds across a range of asset classes and sectors.

“We look forward to the insight and expertise Ms. Alberding, and Messrs. Hartstein and Quinn will offer as we grow our business, strengthen our fund family and deliver quality solutions that help address the needs of our shareholders," said Stuart Parker, president of Prudential Investments.

Alberding is president and a member of the board of directors of the Joyce Foundation, a charity that develops and manages grant-making strategy on complex policy issues aimed at improving air and water quality; reducing the achievement gap for low income and minority students in urban schools; and increasing access to high quality jobs in the Midwest. Previously, she managed the foundation’s investment portfolio.

Hartstein was president and chief executive officer of John Hancock Funds, the mutual funds business unit of John Hancock Financial Services, from 2005 to 2012, after holding several executive management positions at the company. He is also a former chairman of the Investment Company Institute’s sales force marketing committee, having served in that role from 2003 to 2008.

Quinn was formerly president, director and vice chairman of Tiffany & Co., a leading jewelry retailer. He also serves on the board of directors of Mutual of America Capital Management Corporation, an asset management firm, and is a director of Deckers Outdoor Corporation, a footwear manufacturer. Previously, he held various executive management positions at Tiffany & Co. and was a member of the board of directors of the Bank of New York Hamilton Funds from 1996 to 2008.

“We are extremely pleased to welcome Ms. Alberding, and Messrs. Hartstein and Quinn to the board of directors. Each new member brings a unique perspective and experience that will be valuable to shareholders and in the governance of Prudential's funds,” said board Chairman Richard Redeker.

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