Two New Members To Join the Executive Committee of the AXA Group
July 14 2008 - 3:21PM
PR Newswire (US)
- Gerald Harlin, deputy CFO, executive vice-president, Finance and
Control - Mark Pearson, CEO, AXA Life Japan & AXA Japan
Holdings PARIS, July 14 /PRNewswire-FirstCall/ -- AXA announces the
appointment of two new members to the Group executive committee:
Gerald Harlin, deputy CFO, executive vice-president, Finance and
Control since March 2003, and Mark Pearson, AXA Life Japan &
AXA Japan Holdings CEO since June 30, 2008. Gerald Harlin - short
biography: Gerald Harlin, 52, joined the AXA Group in 1990 as
corporate treasurer. In 1991, he became head of corporate finance,
a position he held until 1994. He was subsequently appointed CFO of
AXA Asset Management Europe and managing director of AXA Banque in
1994. In 1997, he became chief investment officer of AXA France and
then in 2000 market program manager of AXA France in charge of CRM
and product marketing. In 2001, he was named CFO of AXA France, a
position he held until March 2003. Before joining the AXA Group,
Gerald Harlin occupied various responsibilities in Total's
corporate finance department. Mark Pearson - short biography: Mark
Pearson, 49, joined the AXA Group in 1995 when AXA acquired a
controlling interest in National Mutual (today AXA Asia Pacific
Holdings). He was then CEO of National Mutual Asia, and thanks to
this operation became CEO of AXA China Region, AXA's Hong
Kong-based subsidiary. In 2001, he was appointed CEO of AXA Asia
Life, the platform for AXA life activities in Asia. Mark Pearson
had previously spent more than 15 years in the insurance sector,
assuming many senior manager positions at National Mutual and
Friends Provident. About the AXA Group Executive Committee The
Executive Committee of the AXA group is now composed of 16 members:
-- Jean-Raymond Abat, chief executive officer of the Mediterranean
Region, -- Alfred Bouckaert, member of the management board, chief
executive officer for Northern, Central and Eastern Europe, --
Claude Brunet, member of the management board, in charge of
transversal operations, human resources, marketing and
communications, -- Henri de Castries, chairman of the management
board, -- Christopher Condron, member of the management board,
president and chief executive officer of AXA Financial, Inc.
(United States), -- John R. Dacey, chief executive officer for
Japan, Asia-Pacific Region, -- Denis Duverne, member of the
management board, Group chief financial officer, -- Philippe Egger,
chief executive officer of insurance activities in Switzerland, --
Gerald Harlin, deputy chief financial officer, executive
vice-president finance and control, -- Frank Keuper, chief
executive officer of AXA Konzern AG (Germany), -- Gerald Lieberman,
president and chief operating officer of AllianceBernstein (United
States), -- Nicolas Moreau, chief executive officer of AXA UK &
Ireland and chairman of the board of directors of AXA Investment
Managers, -- Mark Pearson, chief executive officer of AXA Life
Japan and AXA Japan Holdings, -- Andrew Penn, chief executive
officer of AXA Asia-Pacific Holdings (Australia), -- Francois
Pierson, member of the management board, chairman and chief
executive officer of AXA France, responsible for large risks,
assistance and AXA Canada, -- Eugene Teysen, chief executive
officer of insurance and bank activities in Belgium. The executive
committee's principal mission is to review Group strategy. It is
mainly composed of members of AXA's management board and CEOs of
the Group's principal subsidiaries and/or business units. The 16
members of the Group's executive committee meet quarterly to
conduct quarterly business reviews (QBRs), introduced in 2000 to
provide a clear and consistent framework for: -- reviewing
operational performance and monitoring the progress of key projects
using quantifiable standards of measurement defined in
collaboration with the management board; -- assessing the status of
transversal projects; and -- exchanging ideas and information on
key strategic orientations. As an internal management committee,
the executive committee has no formal decision making authority.
Its principal role is to assist the management board in effectively
managing the Group's operating businesses, considering strategic
initiatives and such other areas as the management board deems
appropriate. 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. AXA
had Euro 1,281 billion in assets under management as of December
31, 2007. For full year 2007, IFRS revenues amounted to Euro 93.6
billion and IFRS adjusted earnings to Euro 6.1 billion. 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 predications 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, 2007, 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.
DATASOURCE: AXA Group CONTACT: Investor Relations, Etienne
Bouas-Laurent, +33-1-40-75-46-85, Paul-Antoine Cristofari,
+33-1-40-75-73-60, Emmanuel Touzeau, +33-1-40-75-49-05, George
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Vercken, +33-1-40-75-46-42, all of AXA Web site:
http://www.axa-equitable.com/
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