AXA UK plc Chairman announcement

AXA UK plc today announced that Scott Wheway has decided to step down as Chairman of the Board (and associated roles) with effect from 30 June 2022. Mark Pain, Non-Executive Director, has been approved by the Board of Directors to succeed Scott as Chairman of AXA UK from 1 July 2022, subject to regulatory approval.

Scott was appointed as Chairman of the Board of AXA UK plc in December 2017.

Commenting on his forthcoming departure, Scott said:

It has been a real privilege to serve as Chairman of AXA UK over the last few years. The highly capable management team here have navigated a series of external economic and geo-political challenges with great skill, prioritising the needs of customers and employees at every turn. Consequently, AXA has delivered a strong financial performance while helping many people and businesses to deal with the challenges that they have faced. I wish Mark every success in the role of Chairman, and I know that AXA will be in good hands as he takes over.

Scott Wheway

Mark Pain was appointed to the Board as a Non-Executive Director in December 2018 and is Chairman of the Risk Committee and Senior Independent Director. He is a former retail banker with extensive experience of Strategy, Finance, Risk management and Customer service. He has approaching 25 years’ experience as a FTSE main Board Director, with over 10 years’ experience as a Non-Executive Director, including seven years at Aviva UK, where he also chaired the Audit Committee. Mark is the Senior Independent Director at Close Brothers Group Plc. He is Non-Executive Chair of both London Square Ltd, and Empiric Student Property Plc.

On behalf of the Board, I would like to thank Scott for the huge contribution he has made as Chairman. His wise counsel and strategic expertise have supported the UK business through a period of significant change, at a time of challenging and volatile trading conditions. I am very proud to have been asked to succeed Scott and I look forward to working with the Board, the AXA UK leadership team, and colleagues from AXA Group, to support our continued success as we continue to put our customers’ interests at the front and centre of all we do.

Mark Pain

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Legal notes

About AXA UK

AXA Insurance UK plc registered in England and Wales under registered number 078950 and authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority under Financial Conduct Authority registration number 202312. Registered office is 20 Gracechurch Street, London, EC3V 0BG.

AXA UK is part of the AXA Group, a worldwide leader in insurance and asset management, with 147,000 employees serving 94 million clients in 50 countries. In 2023, IFRS revenues amounted to Euro 102.7 billion and underlying earnings to Euro 7.6 billion. AXA had Euro 844 billion in assets under management as of December 31, 2023.

In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.

Important legal information and cautionary statements concerning forward-looking statements

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5: “Risk Factors and Risk Management” of AXA’s Universal Registration Document 2022, for a description of certain important factors, risks and uncertainties that may affect AXA’s business and / or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.