Chesnara: Director Mike Evans Stepping Down to Become M&G Prudential Chair
01 October 2018 - 7:01PM
Dow Jones News
By Adam Clark
Chesnara PLC (CSN.LN) said Monday that Mike Evans is stepping
down as an independent director in order to become chairman of
Prudential PLC's (PRU.LN) demerged M&G Prudential business.
It was reported in August by Sky News that Mr. Evans had been
approached to become chair of M&G Prudential.
FTSE 100 insurer Prudential said in March that it would split
its operations to create an independent savings-and-investment
provider in the U.K. and Europe, currently under the name M&G
Prudential. Prudential PLC will continue to focus on high-growth
opportunities in Asia, the U.S. and Africa. The timeline for the
demerger is yet to be determined.
Chesnara said Mr. Evans is stepping down from its board with
immediate effect. Prudential wasn't immediately available for
comment.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
October 01, 2018 04:46 ET (08:46 GMT)
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