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Prudential ousts CEO with £1.5m

Bloomer 'regrets' board decision

Jonathan Bloomer, chief executive of Prudential for the past five years, has been ousted from the UK life insurer just four months after a controversial £1bn (€1.43bn) emergency rights issue and following the aborted sale of Egg, its internet bank.

He is expected to walk away with a payout of about £1.5m, including salary, bonus and private pension entitlement.

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