Newark, N.J., USA - Prudential Financial, Inc. announced that it has elected three new independent directors to its board of directors.
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Elected members are: Peter Rupert Lighte, former vice chairman of J.P. Morgan Corporate Bank and founding chairman of JPMorgan Chase Bank, China; George Paz, chairman and CEO of Express Scripts; and Michael A. Todman, former vice chairman of the Whirlpool Corporation.
From 2010 to 2014, Peter Rupert Lighte served as vice chairman of the J.P. Morgan Corporate Bank, China, and was the founding chairman of the JPMorgan Chase Bank, China, from 2007 to 2010.
Prior to that, he headed the company’s International Client Coverage for Treasury and Securities Services for Europe, and was instrumental in reestablishing its corporate bank in London.
Mr. Lighte also served as president of Chase Trust Bank in Tokyo and as a director of Manufacturers Hanover Limited in London, where he covered the Far East and Australia. He was also the founding representative in Beijing of Manufacturers Hanover Trust Company.
Mr. Lighte holds a PhD. in East Asian studies from Princeton University, where he is on the governing board of the Association of Graduate Alumni, and a Bachelor of Arts degree from the Elliott School of International Affairs at George Washington University, where he is a member of their board of advisors.
He also serves on the boards of two non-profit organizations, the Council on International Educational Exchange, and Half The Sky Foundation. In addition, he has taught Asian history and philosophy at a number of colleges, including Middlebury College and the University of Santa Clara.
George Paz joined Express Scripts in 1998 as senior vice president and chief financial officer, becoming president in 2003. In 2005, he was named CEO and in 2006 was elected chairman of the board. Mr. Paz will retire as CEO of Express Scripts in May 2016, remaining its non-executive chairman.
Before joining Express Scripts, Mr. Paz was a partner at Coopers and Lybrand, LLP, where he led the firm’s insurance practice. From 1993 to 1995, he served as executive vice president and chief financial officer for Life Partners Group, where he was responsible for a variety of functions, including financial reporting, actuarial valuations, shareholder relations, and state insurance and agency relationships.
In 2012, he was appointed to a three-year term on the board of directors of the Federal Reserve Bank of St. Louis, and served as its chairman in 2015. Since 2008, he has served on the board of directors of Honeywell, Inc., where he chairs the Audit Committee and is a member of the Corporate Governance and Responsibility Committee.
Mr. Paz holds a Bachelor of Science degree in business administration and accounting from the University of Missouri-St. Louis. He is a certified public accountant and a member of the American Institute of Certified Public Accountants.
Michael A. Todman retired in December 2015 from his position as vice chairman of the Whirlpool Corporation, a role he had held since November 2014.
Prior to that assignment, he was president of Whirlpool International since 2010, a position he held previously from January 2006 to June 2007. Between his international roles, Mr. Todman served as president, Whirlpool North America. He became a member of the board of directors of Whirlpool Corporation in 2006. He also served as president of Whirlpool Europe.
Prior to joining Whirlpool in 1993, he held a variety of leadership positions at Wang Laboratories Inc., and Price Waterhouse and Co. Mr. Todman serves on the board of directors of both Newell-Rubbermaid and Brown-Forman Corporation.
He is a member of the Loyola University Council of Regents. He holds a Bachelor’s degree in business administration from Georgetown University. ■