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Prudential To Appoint Paul Manduca As New Chairman -Reports

LONDON -(Dow Jones)- Prudential PLC (PRU.LN), the U.K.'s largest insurer by market capitalization, will appoint Paul Manduca as its new chairman after a five-month search to replace Harvey McGrath, according to The Sunday Times and Sunday Telegraph newspapers, without saying where they got their information. The Sunday Times reports that Manduca, the former chief executive of Rothschild Asset Management, has been chosen by the insurer's board after a lengthy search of internal and external candidates. The board has passed his name to the Financial Services Authority, which is in the in process of vetting Manduca's credentials and past experience. Subject to regulatory clearance, Manduca's appointment could be announced as early as this week, according to the report. The Sunday Telegraph said the two frontrunners, Nigel Rudd, chairman of Invensys PLC (ISYS.LN), and Glen Moreno, chairman of Pearson PLC (PSON.LN), have dropped out of the race, leaving the way clear for Manduca to be appointed chairman. Manduca plans to step down as chairman of AON UK, the U.K. arm of the global insurance broker, after his appointment, according to both newspapers. Prudential and the FSA weren't immediately available to comment. Newspaper Web site: http://www.timesonline.co.uk Newspaper Web site: http://www.telegraph.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Pearson (PSO)
DateTimeHeadline
07/30/201509:27:12Report of Foreign Issuer (6-k)
07/29/201512:28:31Correction to Pearson story from July 23
07/27/201507:24:52Report of Foreign Issuer (6-k)
07/27/201506:44:55Report of Foreign Issuer (6-k)
07/27/201503:20:06Pearson in Talks to Sell Economist Stake
07/25/201512:02:09Pearson in Talks to Sell Economist Stake -- Update
07/25/201510:40:05Pearson In Talks to Sell Economist Stake
07/24/201511:40:47Report of Foreign Issuer (6-k)
07/24/201506:42:35Pearson's First Half Hit by Write-Down -- Update
07/24/201503:09:01Pearson 1st Half Hit by Writedown; Backs 2015 Guidance
07/23/201517:31:15ADRs End Lower; Credit Suisse Rises
07/23/201513:58:08Pearson Chooses Digital Path as It Plans to Sell Financial Times...
07/23/201512:30:33Correction to Pearson in Talks to Sell the Financial Times Story
07/23/201511:19:07Pearson Agrees to Sell the Financial Times to Nikkei for $1.3...
07/23/201510:59:57Report of Foreign Issuer (6-k)
07/23/201510:55:28Pearson Agrees to Sell the Financial Times to Nikkei for $1.3...
07/23/201510:44:27Axel Springer Not Buying FT Group
07/23/201510:38:18Financial Times Poised for New Ownership
07/23/201510:12:18Pearson in Talks to Sell the Financial Times -- 3rd Update
07/23/201508:29:24Report of Foreign Issuer (6-k)

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