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AXA : François Pierson to retire January 1 2012

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AXA announces today that François Pierson, a member of AXA Group’s Management Committee and Chairman & CEO of AXA Global P&C, the global business line in charge of AXA’s Property & Casualty operations across the world, has decided to retire effective January 1, 2012.

“It is with emotion and pride that I look at my career at AXA. I would like to warmly praise the employees of AXA Global P&C, AXA Corporate Solutions, AXA Assistance and AXA Global Direct as well as AXA France’s teams who I have been honoured to lead during almost ten years. I am convinced that the quality and the engagement of these teams will help Jean- Laurent and Nicolas achieve our Ambition AXA objectives”, said François Pierson.

“François is a figure of the AXA Group’s history. I know that we will continue to benefit from what he has achieved and the quality of the teams he developed in his various roles. Together with the Board of Directors and the Executive Committee, I would like to very warmly thank him for his contribution. I have personally had the chance to work with François for more than 20 years and to enjoy his leadership skills, his great expertise in the insurance sector and also his sense of humour. I wish him the best in his future endeavours, notably as Chairman of the French national road safety Association”, said Henri de Castries, Chairman and Chief Executive Officer of AXA.

François Pierson will remain a Director of several AXA Group companies, and notably Chairman of AXA Corporate Solutions.

Commenting on the appointments of Jean-Laurent Granier and Nicolas Moreau, Henri de

Castries added: “I am very confident that Jean-Laurent will pursue the strategy initiated by François for the Group’s P&C activities, which have been one of the pillars of our operational performance for many years. I am convinced that he will also bring his experience and his vision to the Management Committee. I would also like to wish the best of luck to Nicolas in his expanded responsibilities. I am confident that Nicolas’ leadership and strategic insight   will help us further develop AXA Assistance and AXA Global Direct”.

Source : AXA Press Release