AEGON Announces Jan Nooitgedagt to Succeed Jos Streppel as CFO
January 13 2009 - 2:00AM
PR Newswire (US)
THE HAGUE, The Netherlands, January 13 /PRNewswire-FirstCall/ --
The Supervisory Board of AEGON N.V. will propose Jan Nooitgedagt to
succeed Jos Streppel as Chief Financial Officer and a member of the
Executive Board, effective April 22, 2009 at AEGON's Annual General
Meeting of Shareholders. (Photo:
http://www.newscom.com/cgi-bin/prnh/20090113/334637 ) Mr. Streppel,
who has served as CFO since 1998 and a member of the Executive
Board since 2000, will retire from AEGON at the next Annual General
Meeting of Shareholders in line with AEGON's retirement policy for
Executive Board members. Mr. Nooitgedagt, age 55 and a Dutch
national, is currently the Chairman of the Board of the Dutch and
Belgian firms of Ernst & Young, the international organization
for assurance, tax, transaction and advisory services. Mr.
Nooitgedagt will bring considerable experience to his new post,
having served as chairman of the Financial Services sector group of
Ernst & Young from 2000 until 2005. He became a partner of
Ernst & Young Accountants in 1989. "AEGON's stakeholders can
take great confidence in Jan Nooitgedagt succeeding Jos Streppel,"
said AEGON's Supervisory Board Chairman Dudley Eustace. "Jan has
spent his professional life in international finance, guiding and
advising multi-national companies in adapting to the changes in
world financial markets. We are delighted to have attracted a
person of his integrity and professional caliber. At the same time,
we are grateful to Jos Streppel for his many years of outstanding
service to the company." "I am excited and honored by the prospect
of joining AEGON as CFO," said Mr. Nooitgedagt. "These are
particularly interesting times to join a global insurance company
and I look forward to building on the solid platform that has been
established in recent years." Mr. Nooitgedagt's appointment is
subject to the standard procedure of having to be approved by the
Dutch Central Bank. As an international life insurance, pension and
investment company based in The Hague, AEGON has businesses in over
twenty markets in the Americas, Europe and Asia. AEGON companies
employ almost 32,000 people and have over 40 million customers
across the globe. Forward-looking statements The statements
contained in this press release that are not historical facts are
forward-looking statements as defined in the US Private Securities
Litigation Reform Act of 1995. The following are words that
identify such forward-looking statements: believe, estimate,
target, intend, may, expect, anticipate, predict, project, counting
on, plan, continue, want, forecast, should, would, is confident,
will, and similar expressions as they relate to our company. These
statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
We undertake no obligation to publicly update or revise any
forward-looking statements. 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. Such risks and uncertainties include but are not
limited to the following: - Changes in general economic conditions,
particularly in the United States, the Netherlands and the United
Kingdom; - Changes in the performance of financial markets,
including emerging markets, such as with regard to: - The frequency
and severity of defaults by issuers in our fixed income investment
portfolios; and - The effects of corporate bankruptcies and/or
accounting restatements on the financial markets and the resulting
decline in the value of equity and debt securities we hold; - The
frequency and severity of insured loss events; - Changes affecting
mortality, morbidity and other factors that may impact the
profitability of our insurance products; - Changes affecting
interest rate levels and continuing low or rapidly changing
interest rate levels; - Changes affecting currency exchange rates,
in particular the EUR/USD and EUR/GBP exchange rates; - Increasing
levels of competition in the United States, the Netherlands, the
United Kingdom and emerging markets; - Changes in laws and
regulations, particularly those affecting our operations, the
products we sell, and the attractiveness of certain products to our
consumers; - Regulatory changes relating to the insurance industry
in the jurisdictions in which we operate; - Acts of God, acts of
terrorism, acts of war and pandemics; - Changes in the policies of
central banks and/or governments; - Litigation or regulatory action
that could require us to pay significant damages or change the way
we do business; - Customer responsiveness to both new products and
distribution channels; - Competitive, legal, regulatory, or tax
changes that affect the distribution cost of or demand for our
products; - Our failure to achieve anticipated levels of earnings
or operational efficiencies as well as other cost saving
initiatives; and - The impact our adoption of the International
Financial Reporting Standards may have on our reported financial
results and financial condition. Group Corporate Communications
& Investor Relations Media relations Greg Tucker
+31-(0)70-344-8344 E-mail: Investor relations Gerbrand Nijman
+31-(0)70-344-8305 or 877-548-9668 - toll free USA only E-mail:
Website: http://www.aegon.com/
http://www.newscom.com/cgi-bin/prnh/20090113/334637DATASOURCE:
AEGON N.V. CONTACT: Group Corporate Communications & Investor
Relations: Media relations, Greg Tucker, +31-(0)70-344-8344,
E-mail: . Investor relations, Gerbrand Nijman, +31-(0)70-344-8305
or 877-548-9668 - toll free USA only, E-mail:
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