John A. Graf to Become Vice Chairman of AXA Financial and President and COO of AXA Equitable Life Insurance Named Member of newly created Office of the Chief Executive NEW YORK, July 21 /PRNewswire-FirstCall/ -- AXA Financial, Inc. announced today that John A. Graf will become Vice Chairman of the Board of the corporation and President and Chief Operating Officer of its subsidiaries, AXA Equitable Life Insurance Company and MONY Life Insurance Company. In addition, Christopher M. "Kip" Condron, President and Chief Executive Officer, announced the formation of the Office of the Chief Executive. The CEO's office will be comprised of Mr. Condron, Stanley B. Tulin, Vice Chairman and Chief Financial Officer, and Mr. Graf. (Photo: http://www.newscom.com/cgi-bin/prnh/20050721/NYTH032 ) "I am proud to have John join us as President and COO and very excited to work with him in the Office of the Chief Executive Officer. John's role in leading our businesses will drive our ability to attain the substantial growth we are looking to achieve in the next few years," Mr. Condron commented. As Vice Chairman of AXA Financial and President and COO of AXA Equitable, Mr. Graf will assume direct responsibility for the major businesses currently reporting to Mr. Condron. "John will be a major driver in building our successes and his exceptional background will be a tremendous asset. He will have a significant impact on our development and growth as we seek to create clearly differentiated, innovative financial solutions for our clients with a specific focus in the retirement planning marketplace," Mr. Condron continued. Mr. Graf became Executive Vice President of International Retirement Savings at AIG in 2002, having joined the company in 2001 when American General Corporation was acquired by AIG. At the time of the acquisition, he was Senior Vice Chairman, responsible for all group retirement plan, annuity and retail investment businesses. He joined the Conseco organization in 1987, working primarily for its Western National Life Insurance Company. He rose to Western National's Vice Chairman and Chief Marketing and Administrative Officer before it was eventually acquired by American General. In 1997, he became President and CEO of Western National and Vice Chairman of the American General holding company, then was appointed Senior Vice Chairman and Group Executive of asset accumulation for American General. Earlier, Mr. Graf worked for John Hancock Mutual Life Insurance Company in its corporate marketing management program. Subsequently, he joined Skokie Federal Savings and Loan where he introduced insurance and annuity products. Mr. Graf received a B.A. degree in economics from the University of Illinois. About AXA Financial AXA Financial is one of the premier U.S. organizations providing financial protection and wealth management through its strong brands: AXA Equitable Life Insurance Company, AXA Advisors, LLC, Alliance Capital Management, L.P., Sanford C. Bernstein & Co., LLC, AXA Distributors, LLC, and the MONY family of companies, including MONY Life Insurance Company, U.S. Financial Life Insurance Company, Advest, Inc., and Lebenthal, a division of Advest, Inc. (Member: NYSE, NASD, SIPC.) AXA Financial had approximately $598 billion in assets under management as of December 31, 2004. AXA Financial is a member of the global AXA Group. http://www.newscom.com/cgi-bin/prnh/20050721/NYTH032 http://photoarchive.ap.org/ DATASOURCE: AXA Financial, Inc. CONTACT: Mary Taylor, +1-212-314-5845, , or Jeff Tolvin, +1-212-314-2811, , both of AXA Financial, Inc. Web site: http://www.axa-financial.com/

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