Aviva France, a major player in life insurance and long-term savings, asset management and non-life insurance, has announced that Jean-Pierre Menanteau will be appointed to the position of president of the board in October.
Aviva France, a major player in life insurance and long-term savings, asset management and non-life insurance, has announced that Jean-Pierre Menanteau will be appointed to the position of president of the board in October.
Jean-Pierre Menanteau, who is 43 years old and holds degrees from ESSEC, Sciences-Po Paris and ENA, began his career in 1994 as a financial inspector in the audit and advisory services of the French Ministry for the Economy and Finance.
In 1998, Jean-Pierre Menanteau joined Groupe Caisse des Dépôts, where he played a leading role in the programme of strategic and financial restructuring initiated by Daniel Lebègue. He gained promotion early in 2002, becoming a member of the executive committee and director of strategy and finance, positions which included responsibility for the supervision of CDC's asset portfolio. This role saw him take his seat on the boards of directors and audit committees of the CNP and the Caisse Nationale des Caisses d'Epargne.
Mr Menanteau was then invited by Louis Gallois to join SNCF in early 2004 as a member of the executive committee with responsibility for finance, legal affairs, purchasing and information and telecommunications systems. He played a key role within the organisation in its budget balancing programmes and in putting the SNCF onto a viable growth trajectory.
Since 31 August 2007, Jean-Pierre Menanteau has also been a member of the board of directors and audit committee of Aviva France, where his contribution has been highly valued by the teams and administrators.
Jean-Pierre Menanteau's appointment will be proposed to the board of directors of Aviva France at the end of September, before he takes up his duties in October.
Andrea Moneta, Chief Executive of Aviva Europe, said: "I am delighted that Jean-Pierre Menanteau is joining Aviva France. Our subsidiary, which contributes 20% of Aviva plc's net earnings and which has had strong roots in France for nearly a century and a half, plays a key role within Aviva Europe and Aviva plc. It is therefore vital for Aviva France to maintain and build upon its strong position with the quality of its products and the confidence of its customers and partners. With his solid experience in the financial services sector and in-depth knowledge of the French financial community, Jean-Pierre Menanteau has throughout his career held a proven track record in developing innovative growth strategies and guaranteeing the profitability of the operations and changes instituted, whilst showing great listening and mentoring skills in all of his areas. Jean-Pierre has the energy and leadership vital to break new ground, together with Aviva France's excellent teams, in the development of our markets in France, despite a difficult economic backdrop, and within an increasingly European framework, whilst focusing on the implementation of the vision of "One Aviva, twice the value".
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Press contacts:
Estelle Joubert
Telephone: 01 76 62 57 86
E-mail: estelle_joubert@aviva.fr
Laurent Gibert
Telephone: 01 76 62 73 00
E-mail: laurent_gibert@aviva.fr
Notes to editors:
About Aviva
Aviva is Europe's leading provider of life insurance and long-term savings products with strong positions on other markets around the world. Based on gross premiums at 31 December 2007, Aviva was the world's fifth-largest insurance group. Aviva's three principal businesses are life assurance and long-term savings, asset management and non-life insurance, with a total turnover of €56.7 billion and €455 billion in assets under management at 30 June 2008.
With more than 150 years' experience in France, Aviva is one of the top 10 players in the insurance market. Aviva France stands out from the crowd with its solid, balanced and profitable multi-distribution model: 875 general agents, 1800 branch staff, 400 life insurance advisers, 1000+ brokers and a number of partners (Union Financière de France and Médéric). Aviva France also has major partners such as AFER, the largest savings association in France, and the Crédit du Nord group. Specialising in unit-linked products, Aviva is recognised for the excellent performance of its long-term funds and solid commitment to its customers through its "Good Advice" approach. Aviva employs more than 3300 staff in France. At 31 December 2007, Aviva France recorded consolidated sales of €6.5 billion, an IFRS net profit of €338 million and managed assets worth €74.2 billion.