Yanela Frias to lead Prudential’s Structured Settlements business

NEWARK, N.J.–(BUSINESS WIRE)–$PRU #leadership–Yanela Frias has been named head of Prudential Retirement’s Structured
Settlements business. A financial services industry veteran, she has
worked across Prudential Financial’s businesses (NYSE: PRU), most
recently serving as the chief financial officer for Prudential Annuities.

Frias will oversee the strategy, growth and operations for Prudential
Retirement’s Structured Settlements business, which helps provide income
products to people who receive legal judgments, often because they have
been injured and can no longer work. She reports to Phil Waldeck, head
of Retirement’s Investment & Pension Solutions. Her appointment is
effective immediately.

“Yanela’s considerable skills and experience have brought tremendous
value to our entire company, where fostering and promoting great
talent—even across businesses—is a real priority,” Waldeck said.
“Exceptional leaders deserve to be challenged with new opportunities
that will help them to grow, even as they drive innovation at our
company. I am delighted she is bringing her leadership to our Structured
Settlements business.”

Frias said her previous assignments at Prudential have positioned her
for this new role: “For me it has always been about taking risks and
raising my hand for experiences that can really challenge me and help me
learn new things. That helps you create a tool kit of skills and
experiences that you can bring with you into your next role.”

Frias joined the company in 1997, first working within the company’s
external financial reporting group and then holding several positions in
the Treasurer’s organization before joining the Individual Life
Insurance business as chief financial officer during Prudential’s
acquisition of The Hartford’s life insurance business.

Replacing Frias at Prudential Annuities will be John Chieffo, who most
recently served as chief financial officer in the Individual Life
Insurance business.

Yanela Frias Biography:

Yanela Frias has worked at Prudential for 20 years. Before joining
Prudential Retirement’s Structured Settlements unit, Frias was the chief
financial officer of Prudential Annuities. Earlier, she was the chief
financial officer of Prudential’s Individual Life Insurance business.
Known throughout the industry, she was named one of the top 40 people to
watch in Treasury & Risk magazine’s annual “40 Under Forty”
rankings in 2011. She earned an MBA and a bachelor’s degree in
accounting from Rutgers University.

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader, has
operations in the United States, Asia, Europe and Latin America.
Prudential’s diverse and talented employees are committed to helping
individual and institutional customers grow and protect their wealth
through a variety of products and services, including life insurance,
annuities, retirement-related services, mutual funds and investment
management. In the U.S., Prudential’s iconic Rock symbol has stood for
strength, stability, expertise and innovation for more than a century.
For more information, please visit http://www.news.prudential.com/.

Structured settlement products are insurance contracts issued by The
Prudential Insurance Company of America (PICA), 751 Broad Street,
Newark, NJ 07102-3777. © 2016 Prudential Financial, Inc. and its related
entities. Prudential, the Prudential logo, the Rock symbol and Bring
Your Challenges are service marks of Prudential Financial, Inc., and its
related entities, registered in many jurisdictions worldwide.

0298964-00001-00

Contacts

MEDIA:
Prudential
Gregory Roth, 973-802-6585
gregory.roth@prudential.com