Norbert Dentressangle resigns as Vice-Chairman of AXA’s Board of Directors, André François-Poncet joins the Board of Directors, Jean-Martin Folz is appointed Senior Independent Director

During the meeting of AXA’s Board of Directors, held on Wednesday, December 14, 2016, Mr. Norbert Dentressangle informed the directors of his decision to step down from the Board and his position as Vice-Chairman – Senior Independent Director with immediate effect to devote himself fully to the management of his family-owned investment holding company.

The Board of Directors decided to coopt Mr. André François-Poncet to the Board with immediate effect for the remainder of Mr. Norbert Dentressangle’s mandate, i.e. until the Shareholders’ Meeting in 2018. Ratification of his appointment will be proposed at the next Shareholders’ Meeting. Mr. André François-Poncet was chosen by the Board of Directors principally for his extensive experience and in-depth knowledge of the finance industry.

Mr. André François-Poncet, 57 years old, became a partner in CIAM investment company in September 2016. He had previously worked for over thirty years in the finance sector for Morgan Stanley and BC Partners in Paris, London and New York. Mr. André François-Poncet is a graduate of the Ecole des Hautes Etudes Commerciales (HEC) and the Harvard Business School.

The Board of Directors decided to appoint Mr. Jean-Martin Folz, a Board member since 2007, as Senior Independent Director to replace Mr. Norbert Dentressangle, confirming the importance it gives to the role of Senior Independent Director, even though the roles of Chairman of the Board and Chief Executive Officer have been separated.