Prudential Names Penny James Group Chief Risk Officer, Executive Director

(RTTNews) - U.K.-based insurer Prudential Plc. (PRU.L, PUK) announced Monday the appointment of Penny James as Group Chief Risk Officer and as an executive director on the Board from September 1.

She succeeds John Foley, who had taken on the additional role of Group Chief Risk Officer in June on an interim basis, following the departure of Pierre-Olivier Bouée. Foley retains his role as Group Investment Director and remains a member of the Group Executive Committee. James was previously Director of Group Finance at Prudential, responsible for the delivery of its financial results, business planning and performance monitoring. In that role, she also led Prudential's Solvency II programme and was a member of the Group Executive Risk Committee. In London, Prudential shares were trading at 1,503 pence, down 1.67 percent.