Majority Of Prudential Holders Not Seeking Executive Changes -CFO

30th Jun 2010 10:17

LONDON (Dow Jones)--Prudential PLC (PRU.LN) Chairman Harvey McGrath and Chief Executive Officer Tidjane Thiam have the support of the company's board after the insurer's failed bid for AIA Group Ltd., the Asian life insurance business of American International Group Inc. (AIG), and the vast majority of shareholders aren't asking for either of the two men to step down, Nic Nicandrou, Prudential's chief financial officer, said Wednesday. Speaking at a London conference, Nicandrou said the board has confidence in McGrath and Thiam and that the company's focus is now on running a successful business. Since the cancellation of the offer for AIA, there have been persistent reports that some shareholders were privately asking for McGrath and Thiam to resign. -By Vladimir Guevarra, Dow Jones Newswires. Tel. +44 (0) 2078429486, [email protected] (END) Dow Jones Newswires June 30, 2010 05:17 ET (09:17 GMT)