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Aegon names Mark Mullin as Americas CEO; Pat Baird to retire January 1

November 11, 2009

Mark Mullin has been named the new CEO for Aegon’s operations in the Americas. He succeeds Pat Baird, who is retiring at the beginning of next January after more than seven years in the job.

Mark Mullin, CEO Aegon USAMr. Mullin joined Aegon in 1987 and has held various positions within the organization both in the United States and in Europe. In 2002, he was appointed President & CEO of Aegon’s US pension provider, Diversified Investment Advisors. In January this year, he became President of Aegon Americas and since then has been working closely with Mr. Baird to ensure a smooth transition.

In a statement, Aegon CEO Alex Wynaendts said Mr. Mullin was “ideally qualified” for his new position and had an “extensive knowledge” of Aegon and its businesses.

“We are grateful to Pat for his leadership and many contributions to the growth of our business in the Americas,” Mr. Wynaendts added. “Mark inherits a dedicated, customer-focused organization, with leading market positions, a diverse business mix and a broad distribution network.”

As President & CEO of Aegon Americas, Mr. Mullin will be responsible for Aegon’s businesses in the United States, Canada, Mexico and Brazil; it’s the company’s largest regional unit with approximately 14,500 employees and over 30 million individual policy and certificate holders.

Mr. Mullin (46) will also serve on Aegon’s Management Board and take over responsibility for the company’s global life reinsurance activities from Mr. Baird.

Mr. Baird retires at the beginning of January after a career at Aegon spanning more than thirty years. He first joined the company in 1976 and served as Executive Vice President & Chief Operating Officer, Chief Financial Officer and Director of Tax before being appointed Aegon USA’s CEO & President in March 2002. In recent years, Mr. Baird has led efforts to expand Aegon’s businesses in both Canada and Mexico. He also recently concluded a one-year term as Chairman of the American Council of Life Insurers.

Mr. Mullin’s appointment to Aegon’s Management Board is subject to approval by the Dutch Central Bank, the company’s main regulator.

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