AXA appoints Generali’s de Courtois as deputy CEO in management shake-up

AXA has named Generali’s Frédéric de Courtois as deputy CEO, along with George Stansfield, within a new structure that ushers in several key appointments. The changes to AXA’s senior leadership team aim to implement the company’s new ‘Driving Progress 2023’ strategic plan announced in December. Mr de Courtois will rejoin AXA on 1 August after five years at Generali, most recently as general manager. He will be responsible for finance and investment, risk management strategy and ceded reinsurance. Mr Stansfield will continue in his current role as group general secretary in charge of legal, human resources, audit, compliance and public affairs, and will also oversee communication, brand and sustainability. AXA said the two deputy CEOs will manage all of the group’s central functions to ensure consist and effective implementation of its new strategic plan. The shake-up will also see Etienne Bouas-Laurent, AXA group’s current chief financial officer, become CEO of AXA Belgium on 1 July, where he will also oversee activities in Luxembourg. He will replace Jef Van, who is taking over a new and soon to be announced transversal role. Alban de Mailly Nesle, current AXA group chief risk and investment officer, will become group chief financial officer on 1 July, while continuing to lead group investments. Leadership changes will also be implemented in other key geographies. Jacques de Peretti, chairman and CEO of AXA France, will become senior adviser to group CEO Thomas Buberl, to help drive key strategic initiatives. He will remain a member of AXA’s management committee. Patrick Cohen, CEO of AXA Italy, will be appointed CEO of AXA France on 3 May. Meanwhile, Benoît Claveranne, CEO of AXA International and 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 will report to Antimo Perretta, CEO of AXA Europe. “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… I look forward to working closely with Frédéric and George in this new phase of our journey,” said Mr Buberl of the two new deputy CEOs. “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 during recent 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,” he added. AXA has also renewed its group management committee, adding Helen Browne, group general counsel, and Ulrike Decoene, group chief communication, brand and sustainability officer. The full committee will consist of: George Stansfield, deputy CEO and group general secretary, in charge of legal, human resources, audit, compliance, public affairs, communication, brand and sustainability Frédéric de Courtois, deputy CEO, in charge of finance and investments, risk management, strategy, and ceded reinsurance Helen Browne, group general counsel Patrick Cohen, CEO of AXA France Ulrike Decoene, group chief communication, brand and sustainability officer Georges Desvaux, group chief strategy and business development officer Scott Gunter, CEO of AXA XL Alban de Mailly Nesle, group chief financial officer Marco Morelli, executive chairman of AXA Investment Managers, Jacques de Peretti, senior adviser Antimo Perretta, CEO of AXA Europe Karima Silvent, group chief human resources officer Astrid Stange, CEO of AXA Group operations Gordon Watson, CEO of AXA Asia. “I am confident that this new leadership team, strengthened by new talents and bringing together a great breadth of perspectives and personalities, will be instrumental in helping us to successfully navigate the new post-crisis environment, continue developing a diverse and inclusive culture, and consolidate AXA’s leadership and ambition for the industry,” concluded Mr Buberl.

AXA appoints Generali’s de Courtois as deputy CEO in management shake-up

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