Announcement follows secondary offering by AXA S.A. reducing its ownership stake in EQH
NEW YORK–(BUSINESS WIRE)–AXA Equitable Holdings, Inc. (NYSE: EQH) today announced the appointment of Joan Lamm-Tennant as an independent member of its Board of Directors, effective January 1, 2020. This appointment follows the close of AXA S.A.’s (“AXA”) secondary offering of shares of AXA Equitable Holdings common stock on November 13, 2019.
Ms. Lamm-Tennant brings significant industry and academic experience having held global business leadership roles and a distinguished career as a professor of finance and economics. In particular, she brings an extensive background in senior risk roles, including designing and implementing enterprise-wide risk management and capital advisory strategies. Ms. Lamm-Tennant is currently the Founder and Chief Executive Officer of Blue Marble Microinsurance, a purpose-driven insurtech firm focused on providing innovative insurance products to global, underserved markets.
“We are pleased to welcome Joan to the Board of Directors,” said Mark Pearson, AXA Equitable Holdings President and Chief Executive Officer. “Joan brings a deep understanding of how innovation can drive value for all of an organization’s stakeholders. Not only does she bring business and economic expertise as a result of her diverse leadership roles, Joan’s values and her passion to improve the lives of others will advance our mission to help our clients secure their financial well-being.”
Ms. Lamm-Tennant previously worked at Marsh & McLennan and its subsidiary, Guy Carpenter, serving as Head of Enterprise Risk Management and Global Chief Economist and Risk Strategist. Prior to this, she held numerous leadership roles at General Reinsurance Corporation including President of General Re Capital Consultants. In addition, Ms. Lamm-Tennant was an adjunct professor at the Wharton School of the University of Pennsylvania where she was the Laurence and Susan Hirsch Chair in International Business, and received the 2016 Wharton MBA Excellence in Teaching award. She was also a tenured professor of finance at Villanova University and held the Thomas Labrecque Chair Professorship in Business.
In accordance with the Shareholder Agreement between AXA Equitable Holdings and AXA, Gérald Harlin, AXA Deputy Chief Executive Officer and Chief Financial Officer, has resigned from the AXA Equitable Holdings Board.
“On behalf of the Board, we would like to thank Gérald for his service and many contributions to the Company,” Mr. Pearson concluded.
About AXA Equitable Holdings
AXA Equitable Holdings, Inc. (NYSE: EQH) is one of the leading financial services companies in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. We have been helping clients prepare for their financial future since 1859 and have a combined total of approximately 12,200 employees and financial professionals and $701 billion of assets under management (as of 9/30/2019).
Jessica Baehr, +1.212.314.2893
Matthew Asensio, +1.212.314.2010