Prudential PLC’s CEO Won’t Join SocGen Board

Posted by admin on Mar 19th, 2010 and filed under U.K.. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Prudential PLC’s CEO Won’t Join SocGen Board LONDON—Prudential PLC Chief Executive Officer Tidjane Thiam said he won't be joining the board of French bank Société Générale SA, after drawing fire for taking another high-profile job while working on a massive planned insurance takeover. View Full Image Chris Ratcliffe/Bloomberg News Tidjane Thiam, CEO of Prudential Prudential is in the midst of a deal to take over the Asian arm of U.S. insurer American International Group — American International Assurance, or AIA—for $35.5 billion. "I am very flattered to have been selected for the role of independent director at Societe Generale, which is an outstanding organization, but my absolute priority is to continue to focus on delivering strong results for our shareholders and on ensuring the success of the transformational transaction and the subsequent integration with AIA," Mr. Thiam said in a statement Thursday. On Wednesday, Société Générale said it had proposed the U.[Read more...]

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