Chief executive departs - Hubbard leaves Axa stronger
Peter Hubbard, after some tough decisions, has left the insurer in better shape than when he started, writes Marcus Alcock
The rumour mill is currently in overdrive following last month's departure of Axa Insurance chief executive Peter Hubbard, with markets director Mark Cliff hot on his heels. We will probably never know the real reason for Hubbard's move but the reality is that he had been at the helm since 2001 and, as one broker put it, "has probably achieved as much as he could there". Besides, in the contemporary corporate environment, six-and-a-half years at the top is a fairly decent innings.
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