AXA France CEO Nicolas Moreau to step down in June

French insurer AXA SA CS said Wednesday the head of its French operations, Nicolas Moreau, will leave the company on June 30.

Moreau, who is AXA France Chairman and Chief Executive, joined the group 25 years ago.

“His replacement will be announced shortly,” the company said.

The news comes two months after AXA’s Chairman and CEO Henri de Castries said he planned to step down on Sept. 1, after close to 17 years at the helm of the company.

De Castries will be replaced as CEO by the company’s top official in Germany, Thomas Buberl, who became deputy CEO in March, the company said.

Source: MarketWatch