On 13th July 2016 Michał Kwieciński submitted a resignation of AXA Poland’s CEO position.
The Polish Financial Supervision Authority (KNF) refuse to give consent for Michał Kwieciński’s appointment at the position of AXA CEO. KNF said that Kwieciński did not meet statutory requirement of providing warranty to duly conduct insurance company matters (according to article 48 of the Act on Insurance and Reinsurance Activity).
Kwiecińska started working at AXA in 2005. Before he had worked at Liberty Mutual Insurance for 8,5 years. He was CEO, Vice-President and Chief Operating Officer (COO). He had also worked at McKinsey & Company as a consultant and at Jagiellonian University as an assistant professor.
As of 14th July 2016 AXA is managed by Henry de Courtois and Clement Michaud. Courtis had gained experience at AXA Direct and AXA Ubezpieczenia. Now, he will also manage individual property insurances. Michaud is the CFO at AXA Poland, but now he will manage life insurance, corporate property insurance and supervising of investment fund society (TFI) and employee pension fund (PTE).
