Aegon appoints new chairman of supervisory board

Netherland-based insurance group Aegon has elected William Connelly as the next chairman of its supervisory board as Robert Routs decided to step down at the next annual general meeting of shareholders (AGM) in May 2018.

Routs has completed ten years as a member of Aegon's supervisory board. He was first appointed to the board in April 2008, and became chairman in April 2010. He is in his third term and currently serves as chairman of the nomination and governance committee, and is also a member of the remuneration committee of the supervisory board.

Connelly, who will succeed Routs following the next AGM, was appointed to Aegon's supervisory board in May 2017, and is currently a member of the supervisory board audit and remuneration committees.

Connelly's appointment as chairman has been approved by the Dutch Central Bank (DNB). Routs will continue to perform his duties as chairman and member of the supervisory board up to and including the 2018 AGM to ensure a smooth handover to his successor, the company said.

Alex Wynaendts, CEO of Aegon, said: "I would like to express my sincere appreciation and gratitude for the way in which Rob has chaired the Supervisory Board, and for the challenge and support he has given the management team during these transformative years.

"We welcome the Board's decision to elect Bill Connelly as its next Chairman. His track record in the financial services business and his valuable international experience make him very well-equipped to oversee the further transformation and growth of our businesses."

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