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| Version 0 | Version 1 |
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| First black FTSE 100 boss at Pru | First black FTSE 100 boss at Pru |
| (30 minutes later) | |
| Tidjane Thiam will become chief executive of Prudential in October, becoming the first black head of a FTSE 100 company. | Tidjane Thiam will become chief executive of Prudential in October, becoming the first black head of a FTSE 100 company. |
| Mr Thiam joined Prudential from Aviva in 2007 and is now finance director at the firm. He will replace Mark Tucker. | Mr Thiam joined Prudential from Aviva in 2007 and is now finance director at the firm. He will replace Mark Tucker. |
| Originally from the Ivory Coast, Mr Thiam had previously been the country's Minister of Planning and Development. | Originally from the Ivory Coast, Mr Thiam had previously been the country's Minister of Planning and Development. |
| Mr Thiam will be one of a limited number of ethnic minorities who are represented in the UK's boardrooms. | Mr Thiam will be one of a limited number of ethnic minorities who are represented in the UK's boardrooms. |
| Earlier than expected | Earlier than expected |
| On Friday, Prudential shares were trading up 5.6% on the news of Mr Thiam's appointment, and on the company's higher-than-expected results released on Thursday. | |
| Prudential's operating profits were up 17% to £2.96bn in 2008, and it said it had strong reserves to weather the economic downturn. | |
| THIAM'S CAREER SO FAR March 2009: Named successor to Prudential CEO Mark Tucker Named second most influential black Briton in 2008 behind Celtel founder Dr Mo Ibrahim and before Damon BuffiniMarch 2008: Appointed executive director of Prudential and Chief Financial OfficerChief executive, Europe at insurance giant Aviva, and held various directorshipsPartner with management consultants McKinsey & Company in FranceChief executive and then chairman of the National Bureau for Technical Studies and Development, Ivory CoastCabinet member as Minister of Planning and Development, Ivory CoastStudied engineering in Paris and gained MBA from INSEAD Tidjane Thiam: A life story | |
| Mr Thiam, 46, will take up the reigns as chief executive on October after Mr Tucker, 51, announced that he would step down earlier than expected. | Mr Thiam, 46, will take up the reigns as chief executive on October after Mr Tucker, 51, announced that he would step down earlier than expected. |
| Mr Tucker has led the company for four-and-a-half years and has been at Prudential for 25 years. | Mr Tucker has led the company for four-and-a-half years and has been at Prudential for 25 years. |
| Commenting on his appointment Mr Thiam said: "It is a privilege to be a successor. In the meantime, I'm the chief financial officer and I have a job to do, that is what I intend to focus on in the next six months." | Commenting on his appointment Mr Thiam said: "It is a privilege to be a successor. In the meantime, I'm the chief financial officer and I have a job to do, that is what I intend to focus on in the next six months." |
| An avid Arsenal supporter, he studied engineering in Paris and obtained an MBA from INSEAD. Before working at Aviva for five years, he was employed at McKinsey's Paris offices. | An avid Arsenal supporter, he studied engineering in Paris and obtained an MBA from INSEAD. Before working at Aviva for five years, he was employed at McKinsey's Paris offices. |
| Mr Thiam joins the few ethnic minorities such as Damon Buffini, boss of private equity firm Permira, represented in the UK's boardrooms. | Mr Thiam joins the few ethnic minorities such as Damon Buffini, boss of private equity firm Permira, represented in the UK's boardrooms. |
| "He is immensely charming," said ING equities analyst Kevin Ryan. | "He is immensely charming," said ING equities analyst Kevin Ryan. |
| "He has a brain the size of two solar systems, he is a very, very clever bloke," he added. | "He has a brain the size of two solar systems, he is a very, very clever bloke," he added. |