To facilitate coordination among group's different businesses

AXA has launched measures to improve organization’s ability to produce and deliver the products and services that meet customers’ needs.

The company said that in order to facilitate coordination among the group’s different businesses, Francois Pierson, CEO of AXA France and member of the management board of AXA, and Christopher Condron, CEO of AXA Financial (US) and member of the management board of AXA, will assume group-wide responsibility on an international level for property & casualty insurance, and life & savings and health businesses, respectively, in addition to their current operational responsibilities.

They will work with the chief executives of AXA’s regional and country-based entities, who remain in charge of their own results and continue to report to Henri de Castries, chairman of management board at AXA.

Henri de Castries will supervise human resources, communication and corporate responsibility for AXA. Gaelle Olivier, group executive vice-president of communication and corporate responsibility, and Alain Rohaut, group executive vice-president of human resources, will report directly to Mr Castries.

On April 1, 2010, Shu Khoo will succeed Alain Rohaut as head of human resources and will report to Mr Castries. In the new organization, Denis Duverne, member of the AXA management board, will oversee group strategy, finance and operations.

Veronique Weill, a member of the executive committee, is appointed chief operating officer to accelerate brand positioning and customer expectations. She will oversee the marketing & distribution, IT, operational excellence, procurement and GIE, enabling her to support and accelerate strategic priorities defined with the global business heads. She will be in charge of the strategy of proof implementation and strengthening AXA’s customer centricity. She will report to Denis Duverne.

Gerald Harlin, deputy chief financial officer and a member of the AXA executive committee, will become group chief financial officer, reporting to Mr Duverne. He will also supervise the chief investment officer, a newly created position entrusted to Jean Sorasio, currently chief investment officer at AXA Japan.

Jean-Christophe Menioux, chief risk officer, will report directly to Mr Duverne. The new setup enables the Group to separate risk management from financial management.

Eugene Teysen, CEO of AXA Belgium and a member of the AXA executive committee has decided to leave the group at the end of 2009, he will be replaced by Emmanuel de Talhouet, currently serving as BSD director for the Northern, Central and Eastern European region. Mr Talhouet will report to Alfred Bouckaert, member of the AXA management board and CEO of the Northern, Central and Eastern European region.