01—Abstract
Summary
Summary of the 8-K filed September 30, 2025. Cited figures are marked; the original filing is the authoritative source.
Prudential Financial, Inc. (NYSE: PRU) filed a Current Report on Form 8-K reporting that its Board of Directors elected Joseph J.
Wolk as an independent director, effective September 30, 2025. Mr. Wolk has been appointed to the Audit Committee and Finance Committee. He is entitled to receive compensation as a non-employee director under the Non-Employee Director Compensation Summary, which the filing states was filed as Exhibit 10.26 to the Company's 2024 Annual Report on Form 10-K.
According to the filing's press release (Exhibit 99.1, furnished and not filed), Mr. Wolk is executive vice president and chief financial officer at Johnson & Johnson, where he also serves on the Executive Committee and leads the company's global shared services. He has been CFO since 2018 and joined Johnson & Johnson in 1998. The release also notes his leadership of the separation of Johnson & Johnson's consumer health business, his role as founding chair of Johnson & Johnson Impact Ventures, and prior accounting roles 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.
The release describes Sandra Pianalto, director and chair of the Board's Corporate Governance and Business Ethics Committee, as saying Mr. Wolk's expertise in global finance, operational excellence, and stakeholder engagement will benefit Prudential as it continues to evolve and grow. The release also states Prudential had approximately $1.6 trilliona in assets under management as of June 30, 2025.
02—Key points
Key Highlights
- Joseph J. Wolk elected as an independent director of Prudential Financial, effective September 30, 2025.
- Mr. Wolk appointed to the Audit Committee and Finance Committee.
- Mr. Wolk is compensated as a non-employee director under the Non-Employee Director Compensation Summary, filed as Exhibit 10.26 to the 2024 Form 10-K.
- Mr. Wolk is executive vice president and CFO of Johnson & Johnson, serving since 2018, with responsibility for global shared services for a workforce of more than 130,000.
- Background includes leading Johnson & Johnson's long-term financial strategy and the separation of its consumer health business.
- The filing furnishes, but does not file, a news release dated September 30, 2025 announcing the appointment (Exhibit 99.1).
- Prudential cited approximately $1.6 trillion in assets under management as of June 30, 2025.
03—Questions
Frequently Asked Questions
Who was appointed to Prudential's Board of Directors?
Joseph J. Wolk was elected as an independent director, effective September 30, 2025. He will serve on the Audit and Finance Committees.
What is Mr. Wolk's professional background?
He is executive vice president and chief financial officer at Johnson & Johnson, where he also serves on the Executive Committee and leads global shared services. He was appointed CFO in 2018 and joined Johnson & Johnson in 1998. Earlier, he held accounting roles at AMETEK, Inc.
How will Mr. Wolk be compensated for his board service?
He is entitled to receive compensation as a non-employee director under the Non-Employee Director Compensation Summary, which the filing states was filed as Exhibit 10.26 to the Company's 2024 Annual Report on Form 10-K.
Does the filing disclose any financial results or transaction terms?
No. The filing addresses only the board election and related committee appointments. The accompanying news release is furnished under Regulation FD and is not filed.
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