Penn was sidelined in September last year after the Australian Prudential Regulation Authority APRA investigated AXAÆs decision to recalculate benefits paid to staff under its superannuation plan.
At the time AXA moved to quell negative media reports by placing him in a strategic development role. For the last 10 months his duties as the head of the Australasian business have been handled by the insurerÆs group chief executive Les Owen.
Owen was short on detail when he reinstated Penn yesterday. ôAndy is one of our most experienced executives and...
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