Phil Waldeck is senior vice president and chief transformation officer of Prudential Financial, Inc. In this role, he leads the charge of transforming the company for future success by accelerating its focus on delivering differentiated outcomes for stakeholders.
Before assuming his current role in 2020, Waldeck served as CEO of Workplace Solutions Group, which is comprised of the retirement and group employee benefits businesses that serve over 20 million individuals. In this role, he helped transform the retirement and insurance landscape with progressive and responsive solutions for public, private and nonprofit organizations. Waldeck previously served as president of Prudential Retirement and earlier led the Investment & Pension Solutions business.
Waldeck was the architect of Prudential’s Pension Risk Transfer business and led two landmark pension buy-outs in the U.S. with General Motors ($25 billion) and Verizon ($8 billion), along with the nation’s first pension buy-in. Additionally, Waldeck’s team executed the breakthrough $28 billion reinsurance transaction covering longevity risk from the British Telecom Pension Scheme (Plan), as well as international longevity reinsurance transactions with U.K. insurers that cover pensions from Rolls Royce, British Airways and more than 200 other U.K. pension plans.
Prior to joining Prudential, he served as a senior vice president in CIGNA’s retirement business. Waldeck earned a bachelor’s degree, magna cum laude, from Tufts University and an MBA from the University of Michigan.