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NEWARK, N.J. - Prudential Financial, Inc. (NYSE:PRU), a prominent player in the insurance industry with a market capitalization of $36.54 billion, has elected Joseph Wolk to its Board of Directors as an independent director, effective Tuesday, the company announced in a press release. According to InvestingPro data, Prudential maintains a strong dividend track record, having raised its dividend for 16 consecutive years, currently offering a 5.2% yield.
Wolk, who currently serves as executive vice president and chief financial officer at Johnson & Johnson, will join Prudential’s Audit and Finance Committees.
In his current role at Johnson & Johnson, Wolk leads the company’s financial strategy and performance while serving on its Executive Committee. He also oversees global shared services for Johnson & Johnson’s workforce of more than 130,000 employees.
Since becoming CFO in 2018, Wolk has managed Johnson & Johnson’s long-term financial strategy, capital allocation, and operational transformation initiatives, including the separation of the company’s consumer health business.
"His deep expertise in global finance, operational excellence, and stakeholder engagement will be an asset as Prudential continues to evolve and grow," said Sandra Pianalto, director and chair of Prudential’s Corporate Governance and Business Ethics Committee. InvestingPro analysis shows the company maintains a Fair financial health score, with particularly strong cash flow metrics, suggesting a solid foundation for future growth. Discover more insights about PRU and 1,400+ other stocks through comprehensive Pro Research Reports.
Wolk joined Johnson & Johnson in 1998 and has held various senior financial positions across the company’s pharmaceutical and medical technology segments. He is also the founding chair of Johnson & Johnson Impact Ventures, an investment fund focused on healthcare solutions in developing countries.
Prior to Johnson & Johnson, Wolk worked in accounting at AMETEK, Inc. He holds a JD from Temple University School of Law and a bachelor’s degree in finance from Saint Joseph’s University.
Prudential Financial operates in the United States, Asia, Europe, and Latin America with approximately $1.6 trillion in assets under management as of June 30, 2025. The company generated $59.2 billion in revenue over the last twelve months, and analysts predict continued profitability this year despite anticipated sales decline. For detailed financial analysis and more exclusive insights, visit InvestingPro, where you’ll find over 30 additional premium insights about Prudential’s performance and outlook.
In other recent news, Prudential Financial reported its second-quarter earnings for 2025, surpassing analyst expectations with an earnings per share (EPS) of $3.58 compared to the projected $3.24. However, the company’s revenue slightly missed projections, coming in at $13.5 billion against an expected $13.54 billion. Additionally, Prudential Financial announced a quarterly dividend of $1.35 per share, which will be distributed to shareholders on September 11, 2025. In other developments, Perseus Mining Limited announced that its Managing Director and Chief Executive Officer, Jeff Quartermaine, will retire on September 30, 2025. Craig Jones, a former Newcrest executive, will join Perseus on August 18 and take over as CEO on October 1, 2025. These recent developments highlight significant changes and financial updates for both companies.
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