prudential financial inc (PRU:New York)

Executive Profile*

Background*

Mr. Karl J. Krapek has been an Investment Manager at Prudential Variable Contract Real Property Account since 2004. Mr. Krapek served as the Chief Executive Officer of Carrier Corp. from 1990 to 1992. In 2002, He co-founded of The Keystone Companies, which develops residential and commercial real estate. He served as President of Carrier Corp. He served as the President and Chief Operating Officer of United Technologies Corp. from April 1999 to January 2002. Mr. Krapek ... began his UTC career in 1982, when he joined Otis Elevator Co. as Vice President, Operations and served as President of Otis Elevator from January 1989 to 1990. He served as President and Chief Executive Officer of United Technologies from September 1990. He served as the President of Pratt and Whitney Aircraft Engine Company from 1992 to 1999. He served as President of Pratt & Whitney Company. He served as Executive Vice President of United Technologies Corporation and Chief Executive Officer of the Pratt & Whitney Group, a division of UTC. While at UTC, Mr. Krapek ran the Pratt & Whitney aircraft engine business, the Carrier heating and air conditioning business, and the Otis elevator company. He has broad experience managing complex, global business operations to Lucent’s Board. Prior to joining UTC, he worked 15 years at General Motors, where he served as Manager of Car Assembly Operations for the Pontiac Motor Car Division and Project Manager of the Fiero sports car. He serves as the Chairman of the Board of Trustees at Southern Connecticut State University. He serves as the Chairman of the Board of Trustees of the Connecticut State University System. Mr. Krapek served as the Chairman of Carrier Corporation from 1990 to 1992 and United Technologies from September 1990. He served as Vice Chairman of the Board of Trustees of the Connecticut State University System. Mr. Krapek has been a Director of Lucent Technologies Inc. since July 11, 2003. He has been an Independent Director of Prudential Financial Inc. since January 1, 2004, Northrop Grumman Corp. since September 2008. He has been a Director of Prudential Insurance Company of America at Prudential Variable Contract Real Property Account since 2003. Mr. Krapek serves as a Member of the Board of St. Francis Care Inc. He serves as a Director of The Connecticut Bank and Trust Company and serves as its Lead Director. He serves as a Trustee of Central Connecticut State University. He served as a Director of Carrier Corp. and Delta Airlines Inc. He served as a Director of Visteon Corp. since February 2003 to June 14, 2012. He served as Director of Alcatel-Lucent from December 1, 2006 to October 31, 2008. He served as a Director of Delta Air Lines Inc. from July 2, 2004 to April 30, 2007. Mr. Krapek served on Board of Directors of United Technologies Corporation where he joined the Board in 1997. He served as a Director at Titan II Inc. He is active in community service in the Hartford, Connecticut area. In 1990, he received the Krannert School's Distinguished Alumnus award and in 1998 he was awarded an honorary Doctorate of Management degree from Purdue University. Mr. Krapek earned a Bachelor's Degree in Industrial Engineering from Kettering University, formerly the General Motors Institute and a Master's of Science Degree in Industrial Administration from Purdue University, where he was a Krannert Scholar.

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PRU:US	$66.99 USD	-0.46

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