Prudential Financial Appoints Yanela Frias as EVP and CFO
Newark-based Prudential Financial has announced the appointment of Yanela Frias as Executive Vice President and Chief Financial Officer. Frias, who has been with the firm for nearly three decades, will join the executive leadership team reporting to Robert Falzon, Vice Chair of Prudential. She will assume her new role on March 15.
Smooth Transition Ensured as Ken Tanji Steps Down as CFO
Current CFO Ken Tanji will step down from his role, with Yanela Frias taking over on March 15. However, Tanji will remain with the company through September 30 to ensure a smooth transition. Prudential Financial Chairman and CEO Charles Lowrey expressed his gratitude for Tanji’s contributions during his 35 years of service to the company.
Yanela Frias to Drive Prudential Financial’s Growth Strategy
With her extensive experience in finance, operations, and leadership, Yanela Frias is expected to play a crucial role in Prudential Financial’s growth strategy. CEO Charles Lowrey believes that Frias’s expertise will help the company become a higher-growth, less market-sensitive, and more nimble organization, ultimately creating lasting value for their customers, shareholders, and employees.
Yanela Frias: A Seasoned Executive to Lead Prudential Financial’s Financial Management
Yanela Frias is well-equipped to lead Prudential Financial’s financial management as the new CFO. With a proven track record of leading large, complex organizations, Frias has a deep understanding of the business and the life insurance, annuities, and retirement industry. Robert Falzon, Vice Chair of Prudential Financial, expressed confidence in Frias’s ability to make a significant impact in her new role.
Yanela Frias’s Successful Career Journey at Prudential Financial
Before assuming her current role as President of Group Insurance, Yanela Frias served as President of Prudential Retirement. She also led the Investment & Pension Solutions business within Prudential Retirement, where she was responsible for various business lines. With almost 20 years of experience in finance roles of increasing responsibility, Frias has a strong foundation to guide Prudential Financial’s financial decisions and initiatives.
Analyst comment
Positive news. Yanela Frias appointed as EVP and CFO, bringing extensive experience and expertise to drive Prudential Financial’s growth strategy. Smooth transition ensured as current CFO, Ken Tanji, steps down. Market expects Frias to make a significant impact, leading to a higher-growth, less market-sensitive, and more nimble organization.
