Jean-Laurent Granier appointed CEO of the Mediterranean-Latin America Region and joins AXA's Executive Committee
July 17 2009 - 3:40AM
PR Newswire (US)
PARIS, July 17 /PRNewswire-FirstCall/ -- The AXA Group (NYSE:AXA)
announced today the appointment of Jean-Laurent Granier as CEO of
the Mediterranean-Latin America Region (MedLA), which encompasses
AXA's operations in Spain, Italy, Portugal, Greece, Turkey,
Morocco, Mexico, the Gulf countries and Lebanon, effective January
1st, 2010. He will succeed Jean-Raymond Abat, who is retiring from
the AXA Group. Jean-Laurent Granier will become a member of the
Group's Executive Committee from this date. "AXA's Management Board
joins me to warmly thank Jean-Raymond Abat for his commitment and
his contribution to the growth of AXA. He has successfully built
our business platform in the Mediterranean Region since 2003,
recently achieving the integration of Winterthur in Spain and AXA
Seguros' operations(1) in Mexico," said Henri de Castries, Chairman
of the Management Board of AXA. "I am confident that Jean-Laurent,
after successfully completing major projects at AXA France and
developing our business in personal lines, will be able to build on
Jean-Raymond's achievements, and I welcome him to the Group's
executive committee on behalf of our entire team." With revenues of
Euro 11 billion in 2008, the MedLA region accounts for 12% of AXA
Group revenues. Today, 13,000 employees provide Life & Savings
and Property & Casualty products, services and advice to more
than 15 million clients across the region. Since its foundation in
2003 under the management of Jean-Raymond Abat, the MedLA region
has grown its underlying earnings four-fold (to Euro 665 million in
2008) while significantly improving its clients' satisfaction(2),
notably thanks to a growing engagement of its employees(3).
Jean-Laurent Granier joined UAP in 1990 until its merger with AXA
in 1997. He worked in various positions at AXA France, where he was
appointed head of Life Insurance in 2000 and CEO of AXA
particuliers/professionnels in 2002. Jean-Laurent Granier is a
graduate of Ecole Polytechnique and ENSAE and is a member of the
Institut des Actuaires Francais (French Institute of Actuaries).
Jean-Raymond Abat spent most of his career with UAP, until its
merger with AXA in 1997, when he was appointed CEO of AXA Seguros
in Spain. In 2002, he added Portugal and South America to his
portfolio. Since 2003, he has been CEO of the Mediterranean-Latin
America region. About AXA AXA Group is a worldwide leader in
Financial Protection. AXA's operations are diverse geographically,
with major operations in Europe, North America and the Asia/Pacific
area. For full year 2008, IFRS revenues amounted to Euro 91.2
billion and IFRS adjusted earnings to Euro 3.7 billion. AXA had
Euro 981 billion in assets under management as of December 31,
2008. The AXA ordinary share is listed on compartment A of Euronext
Paris under the ticker symbol CS (ISIN FR0000120628 - Bloomberg: CS
FP - Reuters: AXAF.PA). The American Depository Share is also
listed on the NYSE under the ticker symbol AXA. This press release
is available on the AXA Group website: http://www.axa.com/
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING
FORWARD-LOOKING STATEMENTS Certain statements contained herein are
forward-looking statements including, but not limited to,
statements that are predictions of or indicate future events,
trends, plans or objectives. Undue reliance should not be placed on
such statements because, by their nature, they are subject to known
and unknown risks and uncertainties. Please refer to AXA's Annual
Report on Form 20-F and AXA's Document de Reference for the year
ended December 31, 2008, for a description of certain important
factors, risks and uncertainties that may affect AXA's business. In
particular, please refer to the section "Special Note Regarding
Forward-Looking Statements" in AXA's Annual Report on Form 20-F.
AXA undertakes no obligation to publicly update or revise any of
these forward-looking statements, whether to reflect new
information, future events or circumstances or otherwise. (1)
Formerly Seguros ING (2) Customer satisfaction index increased to
77 from 69 over the period (3) MedLA region employee engagement
scope increased from 62 to 83 over the last 4 years DATASOURCE: AXA
Group CONTACT: Emmanuel Touzeau, +33-1-40-75-46-74, Laurent
Secheret, +33-1-40-75-48-17, or Armelle Vercken, +33-1-40-75-46-42,
all of AXA Group Web Site: http://www.axa.com/
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