Axa's Philippe Maso steps down as CEO as part of restructure
Axa Insurance said that an overall CEO role was no longer required after restructuring the business to create two self-contained units - commercial lines and personal lines.
The commercial lines and personal lines units will each be led by a CEO and their own management teams with direct responsibility for profitability. The CEOs of both businesses will report directly to Axa UK group CEO Paul Evans and will become members of the Axa UK executive committee.
John O’Neil, CEO of Axa Ireland, will take responsibility for overseeing the setting up of the new business structure and will lead the commercial lines team on an interim basis while a CEO is recruited.
Steve
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