AXA has revealed a series of changes to its senior leadership team as it aims to implement its new strategic plan, Driving Progress 2023, presented in December last year.
As part of the move, AXA’s Corporate Center will move to a “simpler and more focused” organisation, in line with the operating model launched in 2017.
It will be led by two deputy CEOs, Frédéric de Courtois and George Stansfield. De Courtois will join AXA on 1 August and be in charge of Finance and Investments, Risk Management, Strategy, and Ceded Reinsurance.
Stansfield will join as deputy CEO and group general secretary, in charge of Legal, Human Resources, Audit, Compliance and Public Affairs. He will also oversee Communication, Brand and Sustainability.
In addition, Etienne Bouas-Laurent, currently group CFO, will become CEO of AXA Belgium, effective 1 July. He will replace Jef Van In who will take over a new transversal role to be announced shortly. Bouas-Laurent will also oversee activities in Luxembourg.
Meanwhile, Alban de Mailly Nesle, group chief risk and investment officer, will become group CFO while continuing to lead Group Investments, effective 1 July.
Thomas Buberl, CEO of AXA, said: “A new phase has started for AXA with the launch of its Driving Progress 2023 strategic plan. Our 2020 results have shown AXA’s resilience through the Covid-19 crisis and we are now fully focused on implementing our 2023 plan.
“In a context which will remain complex and volatile, we are announcing a renewed leadership team and a simpler organisation to accelerate the execution of our strategic priorities and to consolidate AXA’s leadership across all our markets.”
He added: “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. 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.”