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."
Executive Vice President, Head of the Corporate Financial Center
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
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.
Executive Vice President, Chief Risk Officer
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
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.
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.
Willem van den Berg
</pre> PRN NLD
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-0- Nov/20/2012 07:00 GMT
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