Aegon Names Successor to CEO Wynaendts
Less than three months after reappointing Alex Wynaendts to a new four-year term as chief executive officer, Netherlands-based international life and pension group Aegon NV said he is to be replaced by Lard Friese, CEO of fellow Dutch-based financial services group NN Group NV.
Friese is due to become CEO-designate on March 1, 2020, and assume the permanent title on May 15.
Aegon said the proposed appointment will be submitted to the next annual shareholders meeting. Regulatory approval has already been obtained.
Wynaendts, who has been Aegon's CEO since 2008, was appointed to a new four-year term at the annual meeting on May 17.
In the meantime, NN Group named David Knibbe as CEO of the company to succeed Friese. The appointment of Knibbe, CEO of NN Netherlands, is subject to approval from the Dutch Central Bank. If approved, the appointment will be effective Oct. 1, after notification to the general meeting of NN Group at an extraordinary general meeting that was to be held on Sept. 26.
Friese, who has almost three decades of experience in the financial services sector, worked for Aegon between 1993 and 2003.
Dick Schiethart, an Aegon spokesman, said the group announced that it would begin a selection process to find a successor to Wynaendts when it announced in November 2018 that it planned to reappoint him.