Industry heavyweight Generali is shaking up the management of its operations in France, announcing the departure of its country president and CEO and naming the incoming successor.
The company revealed that General France chief Eric Lombard will step down on May 31 and will leave the business group at the end of the year.
Until his departure, Lombard will continue to assist group CEO Philippe Donnet on strategic and institutional affairs.
Donnet said Lombard provided “outstanding” leadership and contributed to the financial improvement of Generali France amid a “very competitive and challenging” market.
“Together with our outstanding team at Generali France, we managed to successfully turn around this company, which is now solid and profitable. Today we are a business well positioned to capitalize on the opportunities ahead,” Lombard said.
Lombard will be replaced by Jean-Laurent Granier, an industry veteran who joins from
AXA. With his appointment taking effect from June 01, Granier will also become part of Generali’s group management committee.
“I am sure that with the support of all Generali’s people, we will continue the growth and the expansion of the company in France,” Granier said.
Granier has been part of AXA since 1997, working in various positions at the French division of the insurance giant. In 2010, he was named CEO of the Mediterranean and Latin America region, encompassing 23 countries, and a member of the AXA executive committee.
From 2012 to 2016, Granier served as chairman and CEO of AXA Global P&C and as a member of the AXA management committee.
“He brings extensive experience in the global insurance sector and a deep knowledge of the French market, which represents a key market for us,” Donnet said of Granier.
“I’m convinced that Jean-Laurent is the right choice to lead the acceleration of the industrial turnaround of our business.”
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