Mr. McMahon will have overall responsibility for the management of the company's retail distribution channel, including approximately 6,000 financial professionals and 60 branch offices nationwide and in Puerto Rico. In his role as Chairman, he will continue to drive strategy for profitable growth across retail distribution, focusing on management development, recruiting, retention, and development of new and experienced financial professionals, and veteran productivity.

In making the announcement, Mr. Condron said, "Andrew has made significant contributions in strengthening the efficiency and effectiveness of our retail distribution organization since joining the company in 2005. He is the natural successor to continue to build on the foundation he and Bob Jones created to drive profitable growth across retail, to enhance our value proposition for new and existing financial professionals, and to further align our business processes in pursuit of the company's long term goals."

Mr. McMahon joined AXA Equitable in April 2005 as Senior Vice President to launch the company's Strategic Initiatives Group. In that role he was responsible for the development and implementation of strategies to increase revenue growth in the company's retail and wholesale distribution channels. He was promoted to Executive Vice President and elected to the company's Executive Management Committee in September 2005.