AXA Equitable Holdings, Inc. Announces Board of Director Changes
March 26, 2019 at 04:51 pm EDT
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AXA Equitable Holdings, Inc. announced new appointments to its Board of Directors, effective immediately. AXA Equitable Holdings named Ramon de Oliveira as the independent Chairman of the AXA Equitable Holdings and AllianceBernstein Boards of Directors. Mr. de Oliveira has held a variety of board positions with subsidiaries of the company since 2011, and currently serves on the AXA Equitable Holdings and AllianceBernstein boards. The company announced subsidiary board members Kristi Matus and Bertram Scott will join the AXA Equitable Holdings Board of Directors. With these appointments, the AXA Equitable Holdings Board is now comprised of a majority of independent directors. Ms. Matus currently is an Executive Advisor at Thomas H. Lee Partners. She previously served as the Chief Financial and Administrative Officer at athenahealth, Inc. Mr. Scott is Senior Vice President of population health management at Novant Health, Inc. He brings broad industry experience to this appointment with previous roles as President and CEO of Affinity Health Plan and President of the U.S. Commercial business at CIGNA. Consistent with the shareholder agreement between AXA Equitable Holdings and AXA, the company announced Karima Silvent, AXA Global Head of Human Resources, and Bertrand Poupart-Lafarge, AXA France Chief Financial Officer, will depart from the AXA Equitable Holdings Board of Directors.
Equitable Holdings, Inc. is the holding company for a diversified financial services organization. The Companyâs segments include Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management and Legacy. The Individual Retirement segment offers a diverse suite of variable annuity products which are primarily sold to affluent and high-net-worth individuals. The Group Retirement segment offers tax-deferred investment and retirement services or products. The Investment Management & Research segment provides diversified investment management, research, and related solutions globally. The Protection Solutions segment includes its life insurance and group employee benefits businesses. The Wealth Management segment offers discretionary and non-discretionary investment advisory accounts, financial planning and advice, life insurance, and annuity products. Legacy segment primarily consists of its capital-intensive fixed-rate GMxB business.