Reinsurance News

AXA announces several key senior leadership changes globally

25th March 2021 - Author: Charlie Wood

Global insurer AXA has announced key changes to its senior leadership team as the company looks to successfully execute the strategic plan presented in December last year.

AXA logoWith Driving Progress 2023 it’s hoped AXA’s renewed leadership team and simpler organisation will accelerate the execution of its strategic priorities and to consolidate the company’s leadership across all markets.

AXA’s corporate center will move to a simpler and more focused organisation in line with the operating model launched in 2017, and led by two Deputy Chief Executive Officers.

Frédéric de Courtois will join AXA, on August 1, as Deputy CEO, in charge of Finance and Investments, Risk Management, Strategy, and Ceded Reinsurance.

George Stansfield, Deputy CEO and Group General Secretary, in charge of Legal, Human Resources, Audit, Compliance and Public Affairs, will also oversee Communication, Brand and Sustainability.

Etienne Bouas-Laurent, Group Chief Financial Officer, will become CEO of AXA Belgium, effective July 1. He will replace Jef Van In who will take over a new transversal role to be announced shortly. Etienne Bouas-Laurent will also oversee activities in Luxembourg.

Alban de Mailly Nesle, Group Chief Risk and Investment Officer, will become Group Chief Financial Officer while continuing to lead Group Investments, effective July 1.

“I am very happy to welcome Frédéric back to AXA after a very successful five years at Generali where he held a number of senior management positions, including General Manager overseeing most central functions and the implementation of strategy,” said Thomas Buberl, AXA CEO.

“Prior to joining Generali, Frédéric worked at AXA for more than 20 years serving in a number of senior positions including CEO of AXA Italy. Frédéric will bring in-depth knowledge of the industry and financial markets and play a key role in the execution of our 2023 plan. I look forward to working closely with Frédéric and George in this new phase of our journey.

“I would like to warmly thank Etienne for the outstanding job he has done, in particular helping us navigate through the crisis. I wish him the best in his future role leading a key market for AXA and pursuing the transformation successfully led by Jef Van In over the last years, who will take over an important transversal role for AXA.

“I look forward to continuing to work with Alban in his new position as Group CFO. His broad experience in finance, risk and capital management and his extensive knowledge of the Group will bring the perfect blend of qualities and expertise for his new position.”

Elsewhere, AXA has made leadership changes to additional key geographies.

Jacques de Peretti, Chairman and CEO of AXA France, will take up a new challenge serving as a Senior Advisor to the Group CEO to help drive strategic initiatives across the Group and as a Board member of different AXA entities. Jacques de Peretti will remain a member of AXA’s Management Committee.

Patrick Cohen, CEO of AXA Italy, will be appointed CEO of AXA France, reporting to Thomas Buberl, effective May 3.

Benoît Claveranne, CEO of AXA International & New Markets (INM), has decided to pursue new opportunities outside of the Group.

Going forward, the African and Asian operations of INM will report to Gordon Watson, CEO of AXA Asia, and the other INM operations* as well as AXA Partners and AXA Next will report to Antimo Perretta, CEO of AXA Europe.

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