Prudential Chairman and CEO John Strangfeld Receives Diversity Leadership Award

Business Editors/Insurance Writers

NEWARK, N.J.--(BUSINESS WIRE)--November 20, 2008--Prudential Financial, Inc. (NYSE: PRU) Chairman and CEO John Strangfeld recently received the 2008 CEO Diversity Leadership Award from Diversity Best Practices for his commitment to integrating diversity into the company’s corporate culture and business practices. Strangfeld was recognized along with ten other leaders at Diversity Best Practices’ 15 th annual Diversity and Inclusion Leadership Summit and Gala held in Washington DC.

“It is an honor to receive this award,” says Strangfeld. “My leadership team and I understand that individual differences represent a mosaic of opportunities for Prudential. We hold ourselves, our management team and all employees accountable for promoting an environment that values these differences, and capitalizes on these opportunities for the ultimate benefit of our customers, shareholders and employees.”

Prudential’s Chief Diversity Officer, Emilio Egea also received the Diversity Officer Leadership Award (DOLA) at the Summit and Gala. The DOLA is presented annually to top diversity leaders who share best practices across corporate borders that strengthen the diversity sector and support their leadership in implementing diversity.

“Prudential has been fortunate to earn recognition for our efforts to fully integrate diversity into our HR and business practices,” says Egea. “We are proud of this recognition, but we are most proud of our leaders, managers, and employees who are engaged, accountable and committed to bringing diversity best practices to life every day.”

Diversity Best Practices (DBP), based in Washington, D.C., is the preeminent organization for diversity thought leaders to share best practices and develop innovative solutions for culture change.

Through research, benchmarking, publications and events, DBP provides its members with valued resources, information and strategies on how to implement, grow, measure and create “first in class” diversity programs. Diversity Best Practices is a subsidiary of Working Mother Media.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $602 billion of assets under management as of September 30, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.