17 Jun 2004
Prudential plc board changes
Prudential plc announced today that Michael Garrett will join the board as a non-executive director on 1 September 2004.
Mr Garrett is an Executive Vice President of Nestlé S.A., and member of the Executive Board. He has worked for Nestlé since 1961, becoming Head of Japan in 1990 and Director with responsibility for the Far East in 1993. He has significant experience in Asia, including China, India and Japan.
On 31 August 2004 Bart Becht will leave the board. Given the increasing time commitments required of non-executives, he has concluded that he should step down from the board.
Sir David Clementi, Chairman of Prudential, said “I am delighted to welcome Michael to the board. His knowledge and experience of Asian markets will be of great value. At the same time, I am sorry to see Bart go, and I would like to thank him for his valuable contribution.”
- ENDS -
Enquiries to:
|
| Media |
Investors/ Analysts |
| Geraldine Davies |
020 7548 3911 |
Rebecca Burrows |
020 7548 3537 |
| Clare Staley |
020 7548 3719 |
|
Notes to Editors
Michael Garrett – biographical details
Born 1942 in India of British parents, Michael Garrett is Executive Vice President of Nestlé S.A. and a member of the Executive Board. He is responsible for the region including Asia, Oceania, Africa and the Middle East.
His career in Nestlé began in 1961 as a management trainee at Crosse & Blackwell. After two years in Vevey between 1967 and 1968 he began his first major overseas assignment in Australia. In 1974 he returned to the UK for six years heading a number of key functions including Nestlé’s Confectionery business before returning to Australia, first as Marketing Director and subsequently as Managing Director of Nestlé Australia Ltd. Garrett was assigned to Japan as Market Head from 1990 to 1993 prior to his appointment as Zone Director responsible for Asia and Oceania. In July 1996 his responsibilities were expanded to include Africa and the Middle East.
Michael Garrett is an Australian citizen and a graduate of IMEDE Business School in Lausanne, Switzerland. While “Head of Market” he was appointed by the Government as Chairman of the Food Industry Council and Member of the Industry Council of Australia. He is a member of the Advisory Committee for an APEC (Asia-Pacific Economic Cooperation) Food System. He is Director of a number of listed Nestlé companies in Asia, Africa and the Middle East. He has been a member of the Supervisory Board of Cereal Partners Worldwide (a joint-venture between Nestlé and General Mills) since 1993.
Michael Garrett has a wife and two children and his interests include golf, reading, photography and culture.