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Aegon pushes for CEO to stay

Aegon pushes for CEO to stay | Insurance Business

Aegon pushes for CEO to stay

Aegon is bent on keeping chief executive Alex Wynaendts a little longer.

The multinational insurer has announced that its supervisory board will propose, at the annual general meeting of shareholders in May 2019, to re-appoint the 58-year-old boss for a term of four years.

Wynaendts, who joined Aegon in 1997, became a member of the company’s executive board in 2003 and went on to serve as chief operating officer from April 2007. The following year he was appointed CEO and executive board chair.

“Alex has been instrumental in leading Aegon’s strategic, organisational, and financial transformation,” noted William Connelly, chair of Aegon’s supervisory board. “With his re-appointment, he will build on this to deliver strong financial performance and to sharpen Aegon’s strategy.”

Connelly added that the supervisory board will initiate a thorough succession process and work with Wynaendts in identifying a successor during his final term.

“Thanks to the hard work and dedication of Aegon’s 25,000 employees, we have transformed the company into a more technology-driven and agile business,” commented the chief executive. “We are now more relevant than ever to our millions of customers, and better placed to help them secure their financial future.

“We have achieved this by simplifying the business, solidifying the group’s capital position, and increasing capital generation. I look forward to working together with my management team to fully realise the growth opportunities we see across the group.”