Mike Evans steps down from Chair of M&G plc

M&G plc announces that Mike Evans has stepped down as Chair, with effect from 1 April, to concentrate on the recovery of his health.

Mike took a temporary leave of absence from his duties as Chair at the beginning of the year due to a stress-related illness.

He says: “While I am making good progress on my recovery, I do not feel that I would be able to return to the business before the end of the year. I have therefore decided, in the best interests of the company and to ensure good governance, that I step down as Chair.”

The M&G plc Board thanks Mike for his significant contribution to the company over the last two and a half years and wishes him all the best for the future.

M&G plc will initiate an immediate search for a new Chair. The search will be led by Fiona Clutterbuck, who stepped up to interim Chair from Senior Independent Director when Mike took his leave of absence.

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luca.gagliardi@mandg.com

Notes to Editors:

OpenAbout M&G plc

M&G plc is an international savings and investments business, managing money for both individual savers and institutional investors in 28 markets. As at 31 December 2020, we had £367 billion of assets under management and administration, around 5 million retail customers and more than 800 institutional clients.

With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our savings and insurance customers under the Prudential brand in the UK and Europe and for asset management in South Africa, and under the M&G Investments brand for asset management clients globally.

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M&G plc, incorporated and registered in England and Wales. Registered office: 10 Fenchurch Avenue, London EC3M 5AG. Registered number 11444019. M&G plc is a holding company, some of whose subsidiaries are authorised and regulated, as applicable, by the Prudential Regulation Authority and the Financial Conduct Authority. M&G plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute a leading savings and investments business. M&G plc is the direct parent company of The Prudential Assurance Company Limited. The Prudential Assurance Company Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in England and Wales.