OREANDA-NEWS. The AXA Group is today announcing changes to its Management Committee. After several years as CEO of AXA’s Northern Central & Eastern Europe Region (“the NORCEE region") and AXA Global Life & Savings, Jacques de Vaucleroy has decided to leave the Group. ult has been a great chance for the Group and for the Management Committee to work with Jacques over the past years. Under his leadership. both the NORCEE region and AXA Global Life & Savings have fully delivered on the objectives of Ambition AXA, with improved efficiency and the selective development of our businesses. I am extremely grateful for Jacques' many contributions to the Group, and I know that with the other members of the Management Committee, we will miss his strong analytical mind, subtle intuitions and strategic insights.” said Henri de Castries, Chairman and CEO of the AXA Group.

In order to ensure a smooth transition, Jacques de Vaucleroy will progressively retire from his executive responsibilities in the Group. He will step down as member of the Management Committee and CEO of AXA Global L&S effective January 1st, 2016. He will continue to lead the NORCEE region and serve as a Chairman of several subsidiaries’ boards until mid-2016.

Thomas Buberl, CEO of AXA Germany, Member of AXA’s Management Committee and CEO of theGlobal Business Line for the Health business, is appointed CEO of AXA Global Life & Savings. He will add this role to his current responsibilities starting January 1,2016.

“Thomas will bring to this new role his vision, leadership and experience managing one of the Group's main Life & Savings businesses at AXA Germany. I know he will successfully pursue Jacques’ work and accelerate the transformation of our Life & Savings operations", added Henri de Castries.

A successor for the position of CEO of the NORCEE region will be announced in Q2 2016.