Global insurer AXA has announced it has proposed the renewal of Thomas Buberl’s mandate as a member of AXA’s Board of Directors and Group Chief Executive Officer.
The renewal of his mandate, which will last for a period of four years, will be proposed to AXA’s shareholders at their next Annual General Meeting in April 2022.
Dennis Duvern, Chairman of the Board of Directors commented: “The profound transformation of AXA led by Thomas Buberl and all the teams has enabled the group to face an unprecedented health and economic crisis, to be very well positioned to respond to the new challenges of the insurance industry and to accelerate its development by relying on its great solidity, as shown by the recent excellent half-year results.
“Fully confident in the Group’s future, the Board of Directors has unanimously decided, as proposed by the Compensation and Governance Committee chaired by Jean-Pierre Clamadieu, to confirm Thomas Buberl’s renewal as Chief Executive Officer.
“The Board counts on him to successfully implement its strategic plan “Driving Progress 2023”, to seize growth opportunities that will enable AXA to respond to the evolving needs of clients and society, and to pursue the group’s transformation over the longer term.”
Burbel added: “I would like to thank the Board of Directors for the confidence it has placed in me. The decision to propose the renewal of my mandate as Chief Executive Officer of AXA is a tribute to the hard work and commitment of all the group’s employees and confirms the relevance of the strategic choices we have made over the past few years to prepare AXA for the new challenges ahead.
“On a personal level, I feel proud of what we have achieved together and am grateful to have the opportunity to continue leading this unique company over the coming years and to write a new page in its journey.”