Prudential ousts CEO with £1.5m

Bloomer 'regrets' board decision

Jonathan Bloomer, chief executive of Prudential for the past five years, has been ousted from the UK life insurer just four months after a controversial £1bn (€1.43bn) emergency rights issue and following the aborted sale of Egg, its internet bank.

He is expected to walk away with a payout of about £1.5m, including salary, bonus and private pension entitlement.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line