Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Prudential Financial stated the appointment of Yanela Frias as its new executive vice president and chief financial officer (CFO). She will succeed Ken Tanji, who will step down on Sept. 30.
According to Reuters, Frias will start working in her new role on Mar. 15. She will join the executive leadership team and directly report to Prudential’s vice chairman, Robert Falzon. Tanji will stay with the company until his official exit to ensure a smooth leadership transition.
Appreciation for the Outgoing Executive
On behalf of the management and Board of Directors, the CEO also expressed gratitude to the outgoing CFO for his 35 years of excellent service. He also acknowledged that Tanji has made many contributions to the company and has remained committed to Prudential until the day he steps down.
“Ken has played an important role in Prudential’s success, holding a variety of finance leadership positions over his tenure with the company and, most recently, in directing the company’s financial strategy,” Prudential Financial’s chairman and chief executive officer Charles Lowrey, said in a press release. “He made meaningful contributions as our CFO, including leading de-risking and capital release transactions, delivering on expense objectives, and successfully steering the company through the financial challenges of the pandemic and ensuing market volatility.”
New Financial Chief
Robert Falzon believes Frias will do a good job in the new chief financial role as she has an extensive background in the business. The incoming CFO is a Certified Public Accountant who earned her bachelor’s degree in accounting from Rutgers University and took her MBA in finance.
“Yanela is a seasoned executive with a broad range of experience in all facets of financial management and a proven track record of leading large, complex organizations,” Falzon said. “She has a deep understanding of both our business and the life insurance, annuities, and retirement industry and we look forward to the impact she is sure to have in her new role.”
Photo by: Hari Nandakumar/Unsplash
