Rob Routs to Succeed Dudley Eustace as Chairman of AEGON's Supervisory Board in 2010
February 09 2009 - 2:00AM
PR Newswire (US)
THE HAGUE, The Netherlands, February 9 /PRNewswire-FirstCall/ --
Rob Routs will take over as Chairman of AEGON's Supervisory Board
at the Annual General Meeting of Shareholders in April 2010. Mr.
Routs, 62, a former Executive Director with Royal Dutch Shell PLC.,
will succeed Dudley Eustace, who will retire in 2010 as chairman of
AEGON's Supervisory Board. Mr. Eustace, who joined AEGON's
Supervisory Board in 1997 and whose current term ends this year,
will be nominated for an additional one-year term at this year's
Annual General Meeting of Shareholders on April 22, 2009. As
announced at last year's Annual General Meeting of Shareholders,
Mr. Eustace has been asked by the Supervisory Board to stay on as
Chairman for an additional year, in light of the number of new
members to the Supervisory Board and in order to ensure continuity.
"I am very pleased that Rob has agreed to succeed me as chairman of
AEGON's Supervisory Board," Mr. Eustace said. "His broad experience
in a variety of management positions with an international company
will be of tremendous benefit to AEGON and its stakeholders in the
years ahead. I am certain he will make a very successful chairman."
Mr. Routs has been a member of AEGON's Supervisory Board since
2008. His current term expires in 2012. Biography Name: Rob J.
Routs Age: 62 Nationality: Dutch Educated at the Technological
University at Eindhoven in the Netherlands, Rob Routs began his
career at Royal Dutch Shell in 1971 as a researcher and engineer.
Over the next 30 years, he held a series of management jobs at the
company in the Netherlands, the United States and Canada. Until
recently, he was Royal Dutch Shell's Executive Director for the
Downstream. Mr. Routs was appointed to AEGON's Supervisory Board in
2008. He also sits on the Board of Directors of Canadian Utilities
and of the business school INSEAD and he is a member of The
Economic Development Board of Singapore International Advisory
Council. 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
nearly 32,000 people and have over 40 million customers across the
globe. Key figures 2007 First nine months 2008 Underlying earnings
before tax EUR 2.64 billion EUR 1.75 billion New life sales EUR
3.27 billion EUR 2.03 billion Gross deposits EUR 44.53 billion EUR
28.82 billion Revenue generating investments (end of period) EUR
371 billion EUR 351 billion 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)70-344-8956 E-mail: Investor relations Gerbrand Nijman
+31(0)70-344-8305 or +1-877-548-9668 - toll free USA only E-mail:
Website: http://www.aegon.com/ DATASOURCE: AEGON N.V. CONTACT:
Group Corporate Communications & Investor Relations: Media
relations, Greg Tucker, +31(0)70-344-8956, E-mail: ; Investor
relations, Gerbrand Nijman, +31(0)70-344-8305 or +1-877-548-9668 -
toll free USA only, E-mail:
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