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William H. Gray III, Richard M. Thomson, James A. Unruh, and Paul A. Volcker Re-elected to Prudential Board of Directors.

Business/Insurance Editors

NEWARK, N.J.--(BUSINESS WIRE)--April 19, 2000

NJ Chief Justice Re-Appoints Franklin E. Agnew As Public Director

William H. Gray III, Richard M. Thomson, James A. Unruh, and Paul A. Volcker have been re-elected to four-year terms on the board of directors of The Prudential Insurance Company of America, it was announced today by Prudential Chairman and CEO Arthur F. Ryan.

Franklin E. Agnew was re-appointed by Chief Justice of the New Jersey Supreme Court Deborah Poritz to a six-year term as one of six public directors on Prudential's board, Ryan also announced.

Gray, 58, is president and CEO of The College Fund/UNCF. Prior to joining The Fund, he served in the U.S. House of Representatives from 1979 to 1991, holding the positions of chairman of the House Budget Committee and majority whip of the House. He also serves on the boards of CBS Corporation, Chase Manhattan Corporation, Electronic Data Systems, Inc., Municipal Board Investors Assurance Corporation, Rockwell International Corporation and Warner-Lambert Company. This is his third term as a Prudential director.

Thomson, 66, is the retired chairman and CEO of The Toronto-Dominion Bank. He began his career with Toronto-Dominion in 1957, serving in various executive and management positions until his retirement in 1998. He also serves as a director of Canada Pension Plan Investment Board, Canadian Occidental Petroleum, Ltd., CGC Inc., INCO Limited, Ontario Power Generation, Inc., S.C. Johnson & Son, Inc., The Thomson Corporation, The Toronto-Dominion Bank and TrizecHahn Corporation. This is his sixth term as a Prudential director.

Unruh, 58, is the retired chairman and CEO of Unisys Corporation and founding principal of Alerion Capital Group, LLC. Prior to joining Unysis, he held executive positions at Fairchild Camera and Instrument, Memorex Corporation and Burroughs Corporation. He also serves as a director of Moss Software, Inc. This is his second term as a Prudential director.

Volcker, 72, is the retired chairman and CEO of Wolfensohn & Company. He also served as president of the Federal Reserve Bank of New York and chairman of the Board of Governors of the Federal Reserve System. He also is on the board of Nestle, S.A., is a member of the Board of Overseers of TIAA-CREF, and is the North American chairman of The Trilateral Commission. This is his fourth term as a Prudential director.

Agnew, 65, was a court-appointed trustee in the 1989 reorganization of Sharon Steel Corporation; served as group officer and chief financial officer at H.J. Heinz Company; and as vice president, manufacturing and controller at Rockwell

Manufacturing Company. He is also on the board of Bausch & Lomb. This is his second term as a Prudential director.

The Prudential board of directors is composed of the chairman, 16 directors elected by policyholders, and six public directors appointed by the New Jersey Supreme Court Chief Justice, as provided by state law.

Prudential, with $362 billion in assets managed and administered as of September 30, 1999, is one of the largest life insurance companies in the United States and is among the largest financial institutions in the world. Prudential has more than 30 million customers worldwide, offering a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pension and retirement related investments and administration, asset management, securities brokerage, and real estate and relocation. Prudential is headquartered in Newark, New Jersey. Visit the Prudential Web site at
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Publication:Business Wire
Date:Apr 19, 2000
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