Shareholders' Meeting - AXA Supervisory Board
April 22 2008 - 2:07PM
PR Newswire (US)
- Jacques de Chateauvieux appointed Chairman of the Supervisory
Board, replacing Claude Bebear PARIS, April 22
/PRNewswire-FirstCall/ -- During AXA's Annual Shareholders' Meeting
today, all resolutions recommended by the Management Board were
approved by the shareholders, including: -- The payment of a euro
1.20 dividend per share to be paid on April 29, 2008 (ex-dividend
date April 24) -- consequently, AXA will pay to its shareholders an
aggregate amount equal to 2,472 million euros, reflecting the
Group's excellent performance last year, versus 2,218 million euros
in 2006 -- The appointment of Francois Martineau as member of the
AXA Supervisory Board, assuming the vacancy left by Claude Bebear's
departure from the Supervisory Board -- The appointment of Wendy
Cooper as member of the AXA Supervisory Board representing the
Group's employee shareholders, replacing Jacques Tabourot whose
mandate expired at the end of today's annual Shareholders' Meeting
The AXA Supervisory Board met at the end of the Shareholders'
Meeting and approved the following appointments: -- Jacques de
Chateauvieux as the new Chairman of AXA's Supervisory Board,
replacing Claude Bebear who was appointed Honorary Chairman. During
the Supervisory Board of February 27, Claude Bebear had announced
his decision not to seek the renewal of his mandate as a member of
the Supervisory Board upon expiration of his mandate, consistent
with the principle that he has long defended of not renewing the
mandate of Supervisory Board members older than 70 years of age --
Norbert Dentressangle as Vice-Chairman of the AXA Supervisory
Board, replacing Jacques de Chateauvieux Claude Bebear said: "Eight
years after having left the operational management of the AXA Group
to Henri de Castries, I leave confident in our perspectives despite
a difficult environment. I am convinced that Jacques de
Chateauvieux, thanks to his large experience and his strong
knowledge of our business, will succeed in driving the debates of
the Supervisory Board and in working closely with the Management
Board in order to lead AXA to new successes." The AXA Supervisory
Board is now composed of 14 members: Mr. Jacques de Chateauvieux -
57 - Chairman Mr. Norbert Dentressangle - 53 - Vice-Chairman Mr.
Leo Apotheker - 54 Mrs. Wendy Cooper - 57 Mr. Jean-Martin Folz - 61
Mr. Jean-Rene Fourtou - 68 Mr. Anthony Hamilton - 66 Mr. Henri
Lachmann - 69 Mr. Francois Martineau - 57 Mr. Gerard Mestrallet -
59 Mr. Giuseppe Mussari - 45 Mr. Michel Pebereau - 66 Mrs.
Dominique Reiniche - 52 Mr. Ezra Suleiman - 66 Jacques de
Chateauvieux -- short biography: Born in 1951, Jacques de
Chateauvieux graduated from the Institut Superieur de Gestion (ISG)
in Paris and earned a Masters in Business Administration from
Columbia University (USA). At the age of 28, he left the Boston
Consulting Group (BCG) and became Chief Executive Officer of the
Reunion Island-based company Sucreries de Bourbon. From 1989 to
2001, he turned Bourbon into an international conglomerate and then
floated it on the Paris Stock Exchange in 1998. From 2001, he set
about a refocusing strategy which would make Bourbon a world leader
in offshore oil and gas marine services. In 2008, Bourbon employs
over 4,300 professionals in more than 25 countries and owns a fleet
of around 250 vessels. In addition to a 24% stake in Bourbon,
Jacques de Chateauvieux has built up -- through his personal
holding company, Jaccar, founded in 1980 -- a diversified portfolio
of equity interests notably including the biggest private
shipbuilding group in China, a fund management business in Vietnam,
property developments in the region, and a real estate business in
Reunion Island. Jacques de Chateauvieux has been a member of the
Supervisory Board of AXA since 2005. Francois Martineau -- short
biography: Born in 1951, Francois Martineau has been a lawyer at
the Paris bar since 1976. His main professional focus is business
law. He is the author of numerous books, some translated in many
languages: L'histoire de la delinquance (or History of Criminality)
(Lattes ;1986), Redressement et liquidation judiciaire (Editions du
Nouvel Economiste ; 1994), Le discours polemique (Quai Voltaire ;
1994), Petit traite d'argumentation judiciaire (Dalloz ;
2004-2006). Francois Martineau is advisor to the Council of Europe
and teaches the theory of argumentation in France at the Bar
Training School and abroad. Education: University of Paris, degree
in philosophy (1971) and a master in law (1973). He also holds a
degree of Institut Politique (1973). Wendy Cooper -- short
biography: Born in 1950, Wendy Cooper is Senior Vice President
& Associate General Counsel AXA Equitable (US). Graduate of the
Fordham Law School of New York, she spent more than 13 years in NYS
Government, successively as Assistant Counsel to NY Governors
(1981-1987) and as First Deputy Superintendent of Insurance of the
NY Insurance Department (1987-1995). She also served as Acting
Superintendent of Insurance (from January to June, 1990). Wendy
Cooper then joined The Equitable, predecessor of AXA Equitable, as
Vice President & Associate General Counsel. This press release
is available on the AXA Group web site http://www.axa.com/ 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. Full year 2007
IFRS revenues amounted to Euro 94 billion and adjusted earnings to
Euro 6,138 million. 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.
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING
FORWARDLOOKING 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, including the risk that the
proposed acquisition may not be consummated. Please refer to AXA's
Annual Report on Form 20-F for the year ended December 31, 2006 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: AXA Investor Relations, Etienne Bouas-Laurent,
+33-1-40-75-46-85, or Paul-Antoine Cristofari, +33-1-40-75-73-60,
or Emmanuel Touzeau, +33-1-40-75-49-05, or George Guerrero,
+1-212-314-2893, or AXA Media Relations, Christophe Dufraux,
+33-1-40-75-46-74, or Clara Rodrigo, +33-1-40-75-47-22, Armelle
Vercken, +33-1-40-75-46-42, or Laurent Secheret, +33-1-40-75-48-17,
or Mary Taylor, +1-212-314-5845, or Individual shareholders,
+33-1-40-75-48-43 Web site: http://www.axa.com/
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