Aegon CFO Jan Nooitgedagt to Retire; Darryl Button Named as
Successor and CRO Tom Grondin to Join the Management Board
THE HAGUE, The Netherlands,
November 20, 2012 /PRNewswire/ --
Aegon announces that Chief Financial Officer Jan Nooitgedagt (59, Dutch) has decided to
retire at the end of his current term, in line with Aegon's
retirement arrangements for Executive Board members. The
Supervisory Board of Aegon N.V. will propose the appointment of
Darryl Button (43, Canadian) as his
successor and as a member of the Executive Board at Aegon's Annual
General Meeting of Shareholders on May 15,
2013. Mr. Button is currently Executive Vice President and
Head of Aegon's Corporate Financial Center and previously served as
CFO of Aegon Americas for eight years. The appointment of Mr.
Button is subject to the approval of the Dutch Central Bank.
As of January 1, 2013, Chief Risk
Officer Tom Grondin (43, Canadian)
will be appointed to Aegon's Management Board. Mr. Grondin has
served as Chief Risk Officer since 2003. The inclusion of
Mr. Grondin's position on the Management Board reflects the
importance of risk management within the organization. The
Management Board will be comprised of the CEO, CFO and CRO of Aegon
N.V., the CEO of Aegon Americas, the CEO of Aegon The Netherlands,
the CEO of Aegon UK, and the CEO of Aegon Central &
Eastern Europe.
"We are grateful to Jan for the significant role he has played
in strengthening Aegon's financial position and risk profile during
the challenges of the past years," said Supervisory Board Chairman
Rob Routs. "We have full confidence
in Darryl Button and look forward to
benefiting from his extensive operational experience in Aegon's
largest country unit as management continues to pursue the clear
strategic priorities it has identified for the coming years. With
the appointment of Tom Grondin to
the Management Board we will further strengthen our disciplined
approach to managing business risk in a manner that supports our
long-term growth ambitions."
Darryl
Button
Executive Vice President, Head of the Corporate Financial
Center
43, Canadian
Darryl Button was appointed
Executive Vice President and Head of Aegon's Corporate Financial
Center on September 1, 2012. His
current responsibilities include actuarial, accounting and
reporting, as well as treasury and capital management, tax, and
investor relations.
Darryl joined Aegon in 1999 as Director of Product Development
and Risk Management of
Aegon USA's Institutional Markets
operating unit. He was named Aegon USA's Corporate Actuary in 2002 and Chief
Financial Officer of Aegon Americas in 2005, where he oversaw
overall balance sheet management activities for the Americas.
Between 2008 and 2011, he was given the additional responsibilities
of Chairman, as well as executive management responsibility for
Aegon's Canadian operations. Prior to joining Aegon, Darryl was
employed by Mutual Life Insurance Co. of Canada.
Darryl earned a Bachelor's of Mathematics degree in Actuarial
Science and Statistics from the University of
Waterloo in Ontario,
Canada. He is a Fellow of the Society of Actuaries, Fellow
of the Canadian Institute of Actuaries, and a member of the
American Academy of Actuaries.
Tom
Grondin
Executive Vice President, Chief Risk Officer
43, Canadian
Tom Grondin was appointed Chief
Risk Officer of Aegon N.V. in August
2003. His current responsibilities include managing the risk
and compliance functions. In this role, Tom is responsible for the
development and oversight of Aegon's Enterprise Risk Management
framework and internal Economic Framework. The Economic Framework
has helped guide Aegon's risk and business strategy over the
years.
Tom joined Aegon in 2000 as Director of Product Development and
Risk Management and was later promoted to Chief Actuary of Aegon
USA's Institutional Markets
operating unit. As Chief Actuary, he had overall responsibility for
pricing, profitability and risk management for the business. Prior
to joining Aegon, Tom was employed as a consultant at
Tillinghast-Towers Perrin, and before that as an Asset/Liability
manager at Manulife Financial.
Tom holds a B.A. in Mathematics and Statistics from the
University of Windsor in Ontario, Canada. He is a Fellow of the Society
of Actuaries, Fellow of the Canadian Institute of Actuaries, and a
member of the American Academy of Actuaries.
DISCLAIMER
The statements contained in this document that are not
historical facts are forward-looking statements as defined in the
US Private Securities Litigation Reform Act of 1995. These
statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
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. Details
of potential risks and uncertainties affecting the company are
described in the company's filings with NYSE Euronext Amsterdam 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, the company 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 the company's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based.
Media relations
Greg Tucker
+31(0)70-344-8956
gcc@aegon.com
Investor relations
Willem van den Berg
+31(0)70-344-8305
ir@aegon.com
PRN NLD
SOURCE AEGON N.V.