AllianceBernstein CEO Seth Bernstein to retire March 31, 2027; Onur Erzan named successor

Equitable Holdings, Inc.

Seth Bernstein will retire as AB CEO and step down as Equitable Holdings Head of Asset Management effective March 31, 2027; he will remain on the AB general partner board.
Onur Erzan, AB President since January 2026 and a 20-year McKinsey veteran, becomes AB CEO & President on April 1, 2027 and joins the AB Board of Directors.
Erzan's FY2027 total compensation target is $13.5M: $650,000 base salary, $5.8M cash bonus, $3.45M AB ICAP units and $2.35M EQH equity; severance is 1.5x salary plus bonus.
Bernstein receives a $2.5M AB restricted unit appreciation grant vesting over three years, a $1.0M 2026 EQH LTIP award, and 26 weeks of salary continuation totaling $325,000.
EQH annual meeting: all nine director nominees elected; PwC ratified as FY2026 auditor (241.4M for / 7.9M against); say-on-pay approved 235.6M for vs 2.5M against.

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