Prudential Appoints Four New Senior Vice Presidents - Davis, Montgomery, Rafter & Sleyster Promoted.NEWARK, NJ--(BUSINESS WIRE)--June 11, 1999-- Prudential announced today that its Board of Directors has elected Dr. Harold Davis Harold Davis may refer to:
Dr. Harold Davis Davis, who joined Prudential in 1987 as vice president, Employee Health Services health services Managed care The benefits covered under a health contract , has served as the company's Chief Ethics Officer for the past three years. During this time, he has been instrumental in promoting the highest ethical standards throughout Prudential. Davis will retain his title as Chief Ethics Officer and continue to have overall responsibility for the Enterprise Ethics Office, as well as co-chair the new Prudential Employment Dispute Resolution Program -- Roads to Resolution. Kenneth H. Montgomery Montgomery joined Prudential in 1997 from Putnam Investments Putnam Investments was founded in 1937 by George Putnam. At the same time, he founded its first mutual fund offering, The George Putnam Fund of Boston.[1] Putnam has offices in London and Tokyo, and its headquarters is located in Boston, Massachusetts. and was recently named president, Prudential Retirement Services, in April. He will retain this title as a newly promoted senior vice president. Montgomery oversees Prudential's 401(k) and other defined contribution programs, as well as defined benefit administration services for traditional pension plans. Today, Prudential manages more than $240 billion in retirement assets. Edward M. Rafter, III Rafter joined Prudential in 1997 and was named president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Prudential Property and Casualty in November 1998. He will retain this title as a newly promoted senior vice president. In his former position as vice president of Operations & Systems for Prudential Property and Casualty, Rafter guided the company through the development and acquisition of state-of-the-art technology that has led to enhanced customer satisfaction ratings and greater efficiencies. He was also the chief architect behind the property and casualty company's new multi-channel five-year business strategy. Scott Sleyster Sleyster, who joined Prudential in 1987, was recently named president, Guaranteed Products and will retain that title as a newly appointed senior vice president for Prudential. As president of Guaranteed Products, Sleyster oversees Prudential's guaranteed investment contract Guaranteed investment contract (GIC) A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment. , group annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , and funding agreement Funding Agreement Illiquid insurance contracts that provide guaranteed principal repayment and interest payments for a predetermined period of time. Notes: Funding agreements are marketed to mutual fund companies and municipal reinvestments. businesses and activities serving institutional client needs in both the qualified and non-qualified pension markets. Since joining Prudential, he has served in a variety of executive positions, including vice president of Planning & Analysis for Prudential Institutional. Prudential, with assets managed and administered of $375 billion, is the largest life insurance company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and one of the largest diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment institutions in the world. Prudential has a global presence in 30 countries, providing a variety of products and services in the areas of insurance, investments, securities, and real estate to more than 30 million customers. |
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