New composition of Ageas’s Executive Committee
January 22 2024 - 11:40AM
New composition of Ageas’s Executive Committee
New composition of Ageas’s Executive
Committee
Today Ageas announces upcoming organisational
changes within its Executive Committee with the objective to align
its governance model to the strategic ambitions of the Group.
Ageas is reinforcing the Group’s current
Executive Committee by including all its 4 business segments
(Europe, Asia, Belgium, and Reinsurance), complemented by a newly
created function of Managing Director Business Development. The
latter function will be responsible for the development and
implementation of the Group’s strategy, and for the further
evolution of its footprint.
The changes are being implemented to:
- better reflect the current business
profile taking into account the evolving importance and size of the
Group’s different activities.
- simplify and improve the
integration of corporate and business decision making, maximising
Group synergies.
- have a dedicated focus on strategy,
combined with business development opportunities.
The Ageas Executive Committee, entrusted with
the daily management of the Group, will be enlarged to eight
members. Antonio Cano who has decided to pursue new opportunities
will end his mandate at Ageas as of 1 June 2024.
The Ageas Executive Committee will comprise the
following functions:
- CEO and CFO: Hans
De Cuyper and Wim Guilliams will remain Chief Executive Officer and
Chief Financial Officer, respectively.
- CRO: Christophe
Vandeweghe, currently CFO of Ageas Portugal, will succeed Emmanuel
Van Grimbergen as Chief Risk Officer as of 1 June 2024. With a
career starting at ING and Deloitte, Christophe joined Ageas in
2014 as Head of Risk for Continental Europe. Since that time, he
has taken up various roles at Group level. In 2018 he transferred
to Portugal to become CRO for Grupo Ageas Portugal and later CFO.
Since April 2023 he has also assumed the role of Chief Business
Development Officer for the Portuguese activities.
- MD Belgium:
Considering the importance of Belgium within the Group, AG’s CEO
Heidi Delobelle will join the Ageas Executive Committee as Managing
Director Belgium.
- MD Europe: Ben
Coumans, currently Group Director Strategy and M&A, will
replace Antonio Cano as Managing Director Europe, covering Ageas
Portugal, Ageas UK and the Turkish joint ventures.
- MD Asia: Filip
Coremans will continue his function as Managing Director Asia.
- MD Reinsurance &
Investments: Given the growth and ambitions of the
reinsurance activities within the Group, the role of Managing
Director Reinsurance & Investments will be created. Next to
reinsurance, the scope includes Real Estate, ALM and Investments.
Emmanuel Van Grimbergen, currently CRO and with extensive
experience in capital optimisation for the Group, will take up this
new function as of 1 June 2024. Until then, Antonio Cano will
further fulfil this position. Within this new organisation Joachim
Racz will, as CEO of Ageas Re, report directly to the MD
Reinsurance & Investments.
- MD Business
Development: Karolien Gielen will take up the position of
Managing Director Business Development. This role encompasses
Strategy, M&A, Communication and the Chief Development and
Sustainability Office that includes Business Development,
Technology Development and Sustainability. Karolien Gielen is
currently Partner and Managing Director at the Boston Consulting
Group and Practice Area Lead Insurance for the
London-Amsterdam-Brussels system.
The new Executive appointments are still subject
to the approval of the National Bank of Belgium. The succession for
the new CRO and MD Reinsurance & Investments roles is
scheduled as of 1 June 2024, subject to the approval of the
CRO-appointment at the General Shareholders Meeting of 15 May 2024.
The mandate of the MD Business Development will take effect on 8
April 2024. The other nominations will be operational as of 1 March
2024.
Hans De Cuyper, CEO Ageas:
“I am convinced that the new organisation and
the wealth of experience and expertise brought together in the new
Executive Committee from inside and outside our Group, will help
our company to grow, to innovate and to remain future proof for all
our stakeholders in the near and more distant future. I would like
to take this opportunity to thank Antonio Cano for his outstanding
contribution to the Group in his different roles at AG, as Chief
Operating Officer of Ageas and since 2020 as MD Europe of the
Group. I would like to congratulate the new members of the
Executive Committee and we are looking forward to welcoming
Karolien Gielen. Her international insurance knowledge, vast
professional experience, and leadership skills, will bring a lot of
added value to Ageas.”
Ageas is a listed international
insurance Group with a heritage spanning almost 200 years. It
offers Retail and Business customers Life and Non-Life insurance
products designed to suit their specific needs, today and tomorrow,
and is also engaged in reinsurance activities. As one of Europe's
larger insurance companies, Ageas concentrates its activities in
Europe and Asia, which together make up the major part of the
global insurance market. It operates successful insurance
businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia,
India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the
Philippines through a combination of wholly owned subsidiaries and
long-term partnerships with strong financial institutions and key
distributors. Ageas ranks among the market leaders in the countries
in which it operates. It represents a staff force of about 44,000
people and reported annual inflows of more than EUR 16 billion in
2022.
- EN_Organisational Changes_22012024_001
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