On March 19, 2016, following a comprehensive succession planning process of the Executive Management led by AXA’s Compensation & Governance Committee, AXA’s Board of Directors unanimously decided to separate the functions of Chairman of the Board of Directors and Chief Executive Officer.
The Group to operate closer to its clients, with 5 key geographies and a refocused Corporate Center. To steer the new organisation, AXA appoints new executives to the leadership team.
Mr. Thomas Buberl was appointed by the Board of Directors of August 2, 2016, Chief Executive Officer as of September 1st, 2016 ; the Board of Directors of September 2016 appointed Mr. Thomas Buberl as director, replacing Mr. Henri de Castries.
Under French law, the Chief Executive Officer is vested with the broadest powers to act in all circumstances on behalf of the Company and to represent the Company in its relationships with third parties. He exercises these powers within the scope of the Company's corporate purpose and subject to the powers expressly assigned by law to the Shareholders' Meetings and to the Board of Directors.
The Chief Executive Officer reports to the Board on a regular basis on the Company’s financial condition and all key issues, and provides regular written updates to the Board between Board meetings.
The Management Committee was established by the Chief Executive Officer to assist him in the operational management of the Group.
Following his appointment, Mr. Thomas Buberl appointed a new Management Committee which meets weekly or fortnightly to discuss Group strategic, financial and operational matters. The Management Committee has no formal decision making authority and is advisory in nature.
On September 1, 2017, this Management Committee comprised eight members:
On September 1, 2016, Mr. Thomas Buberl aanounced the establishment of a new Partners group which replaces the former Executive Committee.
The Partners group is composed of the members of the Management Committee plus approximately thirty other senior executives from across the Group. Its principal role is to assist the Chief Executive Officer and the Management Committee to develop and implement key strategic initiatives in the context of Ambition 2020 and to contribute to a permanent strategic dialogue throughout the Group. It has no formal decision making authority and is advisory in nature.
The Partners group meets quarterly.
On September 1, 2017, the Partners group was comprised of the following members: