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AXA Equitable Announces Three Senior Vice President Appointments

NEW YORK, May 24 /PRNewswire-FirstCall/ -- AXA Equitable Life Insurance Company has announced that Mark Scalercio, Michael Simcox and Timothy Welch have been elected to the position of senior vice president. The appointments were confirmed during a Board of Directors meeting.

"AXA Equitable congratulates Mark, Michael and Timothy on their respective appointments," said Christopher M. "Kip" Condron, chairman and CEO of AXA Equitable, and head of the global Life & Savings and Health businesses for AXA Group. "Each individual personifies the qualities and traits that are integral to being strong leaders, and I wish them success in their roles."

Mark Scalercio has joined AXA Equitable as senior vice president of Marketing & Sales Support for the company's 401(k) & Association Business. He reports to James Shepherdson, president of Retirement Savings. In this position, Mr. Scalercio will accelerate the growth of AXA Equitable's employer-sponsored business by expanding the company's retail and third-party distribution presence in the space. Prior to joining AXA Equitable, he was vice president and senior managing director of the Investment & Retirement division at The Hartford.

Michael Simcox has been promoted to senior vice president in the office of the Chairman and CEO. He reports to Mr. Condron and serves as his chief of staff. In this position, Mr. Simcox continues to oversee execution of business decisions for AXA Equitable. He also now serves in an expanded role as senior advisor to the executive leadership teams for the newly formed global Life & Savings and Health businesses for AXA Group. Mr. Simcox has been with AXA since 1999, serving previously as vice president of Compensation and Total Rewards for AXA Equitable and as a manager of Global Compensation, Benefits and International Mobility for three years in Paris at AXA Group's headquarters. Prior to joining AXA Equitable, Mr. Simcox was an executive compensation consultant for a number of leading national and boutique consulting practices in the U.S.

Timothy Welch has rejoined AXA Equitable as senior vice president of Real Estate Investment Management. He reports to Kevin Byrne, executive vice president and chief investment officer. In this position, Mr. Welch has overall responsibility for the company's real estate investment portfolio and corporate real estate management, which includes facilities management, leasing arrangements and internal space planning. Mr. Welch began his career in the company's law department; joined Equitable Real Estate Investment Management in 1980; and oversaw real estate portfolio management for Equitable Life from 1995 through 1997. Prior to rejoining AXA Equitable, Mr. Welch was principal at WW Advisory Group, LLC, and executive managing director at Cushman & Wakefield, Inc.

About AXA Equitable

In business since 1859, AXA Equitable Life Insurance Company (NY, NY) is a leading financial protection company and one of the nation's premier providers of life insurance and annuity products, as well as investment products and services through its affiliates, including AXA Advisors, LLC. The company's products and services are distributed to individuals and business owners through its retail distribution channel, AXA Advisors and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.

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