Lard Friese to succeed Alex Wynaendts as Aegon’s CEO
August 12 2019 - 1:00AM
Business Wire
Aegon announces that its Supervisory Board intends to propose
the appointment of Lard Friese as Chief Executive Officer to the
Annual General Meeting of Shareholders. He will join the company as
CEO-designate effective March 1, 2020 and succeed Alex Wynaendts at
the AGM to be held on May 15, 2020.
Mr. Friese joins Aegon from NN Group where he currently is Chief
Executive Officer. He has close to 30 years’ experience in the
financial services industry, including at Aegon between 1993 and
2003. The intended appointment has been approved by the company’s
regulators and positively advised upon by Aegon’s works
council.
Statement of William Connelly, Chairman Supervisory
Board
“We are very pleased to announce our intention to appoint Lard
as Aegon’s new Chief Executive Officer after a thorough selection
process from a strong bench of candidates. Lard is an outstanding
leader with a proven track record and extensive experience in the
insurance sector, including ten years at Aegon. He has led a wide
range of businesses and inspired teams to achieve market‑leading
positions.
Following 11 years under Alex’s leadership, in which the company
has undergone a successful strategic and financial transformation,
we started a succession process in November last year. The company
is now optimally positioned for the next phase of development, and
Lard’s intended appointment is a natural next step in building a
sustainably growing and profitable business. The Supervisory Board
is very grateful for Alex’s continued leadership and expresses its
gratitude for his commitment and enormous contribution to Aegon
over more than two decades.”
Statement of Alex Wynaendts, Chief Executive Officer
“It has been a great privilege to lead Aegon during these past
11 years and to work with so many dedicated colleagues around the
world to help our nearly 30 million customers secure their
financial futures. I am very proud that we have successfully
transformed Aegon and the company is now well positioned to realize
its full potential. This creates a natural moment for me to hand
over to my successor, who I welcome back to Aegon. I look forward
to working together with my colleagues on executing on our
strategic agenda until our AGM in 2020.”
Mr. Wynaendts joined Aegon in 1997 and was appointed as a member
of the company’s Executive Board in 2003. He became Chief Operating
Officer in April 2007, and was appointed CEO and Chairman of
Aegon’s Executive Board the following year.
Statement of Lard Friese
“I am delighted to be joining Aegon as the next Chief Executive
Officer at an exciting time for the business. Aegon has a long
history of innovation, developing valued-added products and
services for its customers, and well-known brands which provide
financial security for people across the globe. I look forward to
working together with the management team to fully capitalize on
the company’s opportunities.”
Mr. Wynaendts will work closely together with Mr. Friese from
March onwards to ensure a seamless leadership transition, and he
will remain available as advisor to the company until September 30,
2020.
About Aegon
Aegon’s roots go back 175 years – to
the first half of the nineteenth century. Since then, Aegon has
grown into an international company, with businesses in more than
20 countries in the Americas, Europe and Asia. Today, Aegon is one
of the world’s leading financial services organizations, providing
life insurance, pensions and asset management. Aegon’s purpose is
to help people achieve a lifetime of financial security. More
information on aegon.com.
Forward-looking statements
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historical facts are forward-looking statements as defined in the
US Private Securities Litigation Reform Act of 1995. The following
are words that identify such forward-looking statements: aim,
believe, estimate, target, intend, may, expect, anticipate,
predict, project, counting on, plan, continue, want, forecast,
goal, should, would, could, is confident, will, and similar
expressions as they relate to Aegon. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Aegon undertakes no
obligation to publicly update or revise any forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which merely reflect company
expectations at the time of writing. Actual results may differ
materially from expectations conveyed in forward-looking statements
due to changes caused by various risks and uncertainties. Such
risks and uncertainties include but are not limited to the
following:
This document contains information that qualifies, or may
qualify, as inside information within the meaning of Article 7(1)
of the EU Market Abuse Regulation (596/2014). Further details of
potential risks and uncertainties affecting Aegon are described in
its filings with the Netherlands Authority for the Financial
Markets and the US Securities and Exchange Commission, including
the Annual Report. These forward-looking statements speak only as
of the date of this document. Except as required by any applicable
law or regulation, Aegon expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Aegon’s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based.
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Media relations Dick Schiethart +31(0) 70 344 8821
gcc@aegon.com Investor relations Jan Willem Weidema +31(0)
70 344 8028 ir@aegon.com
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