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| author = Thomas Buberl, {{ {{PAGENAME}}/attribution }}
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| title = Chief Executive Officer
| term = 2016–present
| predecessor = [[Henri de Castries]]
| successor =
| boards = AXA; IBM; Bertelsmann
📊 '''Performance and reappointment.''' After an initial period in which {{Tooltip|restructuring charges}}, the XL acquisition and external shocks such as {{Tooltip|natural catastrophes}} weighed on results, AXA’s financial performance improved significantly under Buberl’s strategy. By 2021, amid the recovery from the COVID-19 pandemic, group revenues had returned to around €100 billion, near pre-crisis levels despite disposals of non-core assets, and AXA reported net income of approximately €7.3 billion, more than double the previous year’s figure.<ref name="lejdd" /> From 2020 through early 2024 the company delivered a {{Tooltip|total shareholder return}} of about 76%, outpacing its performance in the previous decade and closing part of the {{Tooltip|valuation gap}} with peers such as {{Tooltip|Allianz}}, while its share price rose by around 15% over the three years to 2022 as investors responded to the increased emphasis on property, health and fee-based businesses.<ref name="webull">{{cite web |url=https://www.webull.com/news/10591897131131904 |title=Increases to CEO compensation might be put on hold for now at AXA SA (EPA:CS) |publisher=Webull / Simply Wall St |accessdate=2025-11-20}}</ref> Commentators described the company as a “supertanker” that had begun to turn in a new strategic direction, and in 2022–2023 AXA’s board proposed and secured Buberl’s reappointment as CEO for a further term through 2026, citing the progress of the transformation plan.<ref name="lejdd" /><ref name="boardsteward">{{cite web |url=https://boardstewardship.com/thomas-buberl-set-for-ceo-reappointment-at-axa-following-boards-proposal/ |title=Thomas Buberl set for CEO reappointment at AXA |publisher=BoardStewardship |accessdate=2025-11-20}}</ref>
== Financials and wealth ==
💶 '''Chief executive compensation.''' Buberl’s remuneration as AXA’s CEO has attracted both scrutiny and debate among shareholders. For several years after he succeeded {{Tooltip|Henri de Castries}} in 2016, his fixed pay was held at its initial level, reflecting a cautious approach to adjusting compensation during a period of strategic change.<ref name="atlas">{{cite web |url=https://www.atlas-mag.net/en/article/axa-critical-of-thomas-buberl-s-salary-increase |title=AXA: critical of Thomas Buberl’s salary increase |publisher=Atlas Magazine |accessdate=2025-11-20}}</ref> In 2022, however, AXA’s board proposed raising his fixed annual salary to €1.65 million and setting his target annual bonus at about €1.75 million, increasing the theoretical maximum total compensation from roughly €5.8 million to €6.9 million once {{Tooltip|long-term incentive grants}} were included.<ref name="atlas" /> Proxy-advisory firm {{Tooltip|Institutional Shareholder Services}} recommended that investors oppose the change, arguing that the justification was not fully compelling and that bonus criteria were not described in sufficient detail, while the board responded that even after the increase Buberl’s pay would remain materially below that of chief executives at comparable European insurers and that the level would be fixed for his 2022–2026 term.<ref name="atlas" />
📈 '''Pay structure and share ownership.''' Subsequent disclosures indicated that Buberl’s total remuneration for 2023 was about €5.9 million, representing an increase of more than 20% from the previous year as variable pay reflected AXA’s improved earnings; only around 28% of this figure corresponded to fixed salary, with the balance tied to annual bonuses and {{Tooltip|long-term equity incentives}}.<ref name="webull" /> He has also accumulated a significant personal shareholding in AXA, estimated at approximately €43 million based on recent share prices, a stake that aligns his financial interests closely with those of other shareholders and reflects the company’s {{Tooltip|share-based remuneration policies}}.<ref name="webull" /> Analysts and commentators generally characterise his overall wealth as substantial but modest in comparison with billionaire founders or US-based “celebrity CEOs”, noting that much of it is embedded in AXA equity rather than in high-profile personal ventures.<ref name="atlas" />
🌐 '''Other board mandates and professional roles.''' In addition to heading AXA, Buberl has served as a {{Tooltip|non-executive director}} on the board of IBM since 2019, one of a small number of European executives on the US technology company’s board, receiving a separate fee for this role that industry surveys put in the low six-figure US-dollar range annually.<ref name="tb_wiki" /><ref name="eri">{{cite web |url=https://www.erieri.com/executive/salary/thomas-buberl-b07d |title=Thomas Buberl salary information 2024 |publisher=Economic Research Institute |accessdate=2025-11-20}}</ref> He joined the {{Tooltip|supervisory board}} of the German media conglomerate {{Tooltip|Bertelsmann}} in 2018, extending his involvement into the media and content sector, and he has been active in global fora, sitting on the {{Tooltip|World Economic Forum’s Board of Trustees}} and engaging with bodies such as the {{Tooltip|Institute of International Finance}} and The Geneva Association.<ref name="bertelsmann" /><ref name="lancaster" /> These positions contribute to his influence in debates on financial regulation, climate policy and {{Tooltip|digitalisation}} while complementing, rather than overshadowing, his responsibilities at AXA.<ref name="blavatnik" />
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== See also ==
{{Vertical thumbnail
| image = claude-bébéar.jpg
| link = Claude Bébéar
| text = [[Claude Bébéar]] <br> Founder of AXA
| align = center
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{{Vertical thumbnail
| image = henri-de-castries.jpg
| link = Henri de Castries
| text = [[Henri de Castries]] <br> {{Henri de Castries/attribution}}
| align = center
}}
== References ==
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[[Category:biz/peoplePeople]]
[[Category:biz/article]]
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