Prudential Financial announced Tuesday the election of Maryann Mannen to its board of directors as an independent director. The appointment, effective May 12, is contingent on shareholder approval and marks a significant addition of global financial and operational expertise to the Newark-based insurance and investment giant.
Mannen currently serves as the chairman, president and chief executive officer of Marathon Petroleum Corporation, a leader in the global energy sector. Upon her confirmation, she is slated to join Prudential’s Corporate Governance and Business Ethics Committee as well as the Compensation and Human Capital Committee.
With over 30 years of experience in high-level corporate finance and operations, Mannen is recognized as a formidable leader in large-scale industrial sectors. Before ascending to the CEO role at Marathon Petroleum, she served as the company’s executive vice president and chief financial officer, managing investor relations, supply chain operations, and overall financial strategy.
“Maryann’s extensive leadership experience and strong financial acumen make her an excellent addition to Prudential’s Board,” Sandra Pianalto, chair of the Board’s Corporate Governance and Business Ethics Committee said. “She brings a well-informed perspective that will support the Board’s work and contribute to Prudential’s evolution to become a higher-growth company.”
Mannen’s resume includes a track record of navigating complex global mergers. Prior to her tenure at Marathon, she was the CFO of FMC Technologies, where she was a chief negotiator in the high-profile merger with Technip SA, eventually serving as the CFO of the combined entity, TechnipFMC.
As part of her transition to the Prudential Board, Mannen will not stand for reelection at the upcoming Annual Meeting of Stockholders for Owens Corning.
Her appointment comes at a time when Prudential is focused on “reimagining” its business model to drive higher growth and efficiency. By tapping a leader from the energy sector—a field defined by capital intensity and long-term risk management—Prudential adds a unique perspective to its governance as it navigates shifting global markets and the evolving landscape of human capital management.
