Paris, 7 september 2012
The Board of Directors of CNP Assurances today approved the appointment of Frédéric Lavenir as Chief Executive Officer.
Acting on a proposal by the Remunerations and Nominations Committee, the Board of Directors of CNP Assurances has appointed Frédéric Lavenir as Chief Executive Officer. Mr Lavenir will take office on 26 September 2012, while Antoine Lissowski will continue to serve as acting Chief Executive Officer until then.
“Thanks to his experience as Chairman and Chief Executive Officer of BNP Paribas Lease Group, Frédéric Lavenir has acquired an in-depth understanding of a business model based on a partnership with distribution networks,” said Jean-Paul Faugère, Chairman of the CNP Assurances Board of Directors.
“He also served as the French government regulator for insurance companies, which gives him a clear advantage given the regulatory changes currently reshaping the sector. Having served on the BNP Paribas Executive Committee for several years, Mr Lavenir played an active role in defining the Group’s strategic objectives. Moreover, with fifteen years at the French Ministry of the Economy and Finance and more than ten years with France’s number one banking group, he has extensive experience that will help CNP Assurances to pursue its development.” Commenting on his appointment, Frédéric Lavenir said: “I would like to thank the Board of Directors for their show of confidence. I am both pleased and proud to join CNP Assurances, a truly outstanding enterprise, where I will very quickly begin working with its teams.”
BIOGRAPHY Frédéric Lavenir was born in 1960 and graduated from École des Hautes Études Commerciales (HEC) and Ecole Nationale d’Administration (ENA). He is Vice President of France’s Association for the Right to Economic Initiative (ADIE). After serving as a Finance Inspector from 1986 to 1990, he joined the French Treasury, initially as head of banking regulations and then as director of the insurance company office. In 1995, he was appointed Secretary General of the Interministerial Committee for Industrial Restructuring (CIRI), then served as Deputy Director of the Office of the Minister of the Economy and Finance from 1997 to 2000. He joined BNP Paribas in early 2001 as Chief Operating Officer of BNP Paribas Lease Group and was named the business line’s Chairman and Chief Executive Officer in 2002. Since January 2007, he has been Head of Group Human Resources at BNP Paribas and a member of the Executive Committee.