NEW YORK, June 25 /PRNewswire-FirstCall/ -- Andrea Nitzan has been elected Senior Vice President of Expense Management for AXA Equitable Life Insurance Company, the primary U.S. life insurance and savings subsidiary of the global AXA Group. The announcement was made today by Richard Dziadzio, Chief Financial Officer of AXA Financial, Inc., the parent company of AXA Equitable. In her new role Ms. Nitzan leads AXA Equitable's annual budget process and coordinates enterprise-wide expense management, including accounting, reporting, analysis and forecasting. Ms. Nitzan serves as the senior business partner between Finance and other business areas. She leads a team of finance professionals who work with these business unit leaders to identify and provide the critical expense information, metrics, and advice necessary to achieve corporate financial goals. "Andrea leads with a highly effective fusion of technical mastery, strategic clarity and management acumen," said Mr. Dziadzio. "As AXA Equitable executes on its strategic business goals, Andrea and her team play a pivotal role in successfully partnering with the business areas to create leverage, foster operational excellence and ensure the highest financial standards are upheld." Ms. Nitzan became Vice President of Expense Management in July 2007. Previously, from 1997 to July 2007, she served as Vice President and Deputy Controller of Insurance Accounting, responsible for all general ledger financial data related to insurance operations. In this role, she successfully led numerous process and control improvements, resulting in significant expense reduction and greater accounting efficiency. Ms. Nitzan joined AXA Equitable in 1996 as Assistant Vice President and Chief of Staff to then Chief Financial Officer, Stanley B. Tulin. Prior to joining AXA Equitable, Ms. Nitzan was a Senior Business Assurance Manager for PricewaterhouseCoopers, LLP, where she managed the financial and operational audits of several major insurance company clients. Ms. Nitzan received a Bachelor of Science degree in business administration from Hofstra University where she was a member of the National Business and Commerce Honor Society, Beta Gamma Sigma. Ms. Nitzan resides in Bergen County, New Jersey with her husband and three daughters. About AXA Equitable In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation's premier providers of life insurance, annuity, and investment products and services. AXA Equitable's assets under management totaled $888.6 billion as of December 31, 2007. The company's products and services are distributed to individuals and business owners through its retail distribution channel AXA Advisors, LLC; to the financial services market through its wholesale distribution channel, AXA Distributors, LLC; and to corporations and their employees through its corporate distribution channel, Corporate Markets. AXA Equitable, a subsidiary of AXA Financial Inc., is part of the global AXA Group, a worldwide leader in financial protection strategies and wealth management. AXA Group's operations are geographically diverse, with major operations in Europe, North America, and the Asia/Pacific region. AXA Group is listed as the 15th largest company in the world on the 2007 Fortune Global 500 list (based on revenues). It had $1.87 trillion in assets under management as of December 31, 2007. Listed on the Paris Stock Exchange, the AXA ordinary share trades under the symbol AXA. The AXA American Depositary Share is listed on the New York Stock Exchange under the ticker symbol AXA. Visit us at http://www.axa-equitable.com/ DATASOURCE: AXA Equitable CONTACT: Discretion Winter of AXA Equitable, +1-212-314-2968, Web site: http://www.axa-equitable.com/

Copyright