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Aegon announces management changes

Press Release, December 15, 2016

Aegon is today announcing the following changes to its management:

Gábor Kepecs (1954, Hungarian), member of Aegon's Management Board and CEO of Aegon Central and Eastern Europe, will retire in the course of 2017; Marco Keim (1962, Dutch), member of the Management Board, will become responsible for Aegon's activities in Continental Europe as of January 1, 2017; and Maarten Edixhoven (1971, Dutch) has been appointed CEO of Aegon the Netherlands.

"I would like to thank Gábor Kepecs for his very significant contribution to our company over the last 30 years", said Aegon CEO, Alex Wynaendts. "Under his leadership, Aegon successfully expanded its activities across Central and Eastern Europe. Today our businesses in this region have achieved leadership positions in their key markets and provide a material contribution to the overall group.

I would like to thank Gábor Kepecs for his 30 years of dedication to our customers and the company.

Alex Wynaendts Aegon CEO

"Maarten Edixhoven joined Aegon over two years ago and under his management we have further strengthened our broad pension activities in the Netherlands. I am therefore very pleased that Maarten will now lead our Dutch business.

"Maarten succeeds Marco Keim who I have asked to take overall responsibility for all of Aegon's insurance and pension activities in Continental Europe. Marco's experience in driving innovation and sharing best practices within our various businesses will create significant synergies in the region and will benefit our customers. I look forward to continuing to work with Marco in his expanded role."

Gábor Kepecs

Gábor Kepecs was the CEO of Aegon Hungary from 1992 until 2009, when he became the CEO of Aegon Central & Eastern Europe. He joined Aegon's Management Board in 2007.

Europe under one leadership

Marco Keim was appointed CEO of Aegon the Netherlands and became a member of Aegon's Management Board in 2008. Bringing the businesses across continental Europe under one managerial leadership will further accelerate the execution of Aegon's business strategy to digitize the company's services, optimize its portfolio and deliver a superior customer experience.

Marco Keim

Maarten Edixhoven joined the Board of Aegon The Netherlands in June 2014 and is currently responsible for the pension business. Maarten was previously CEO of Zwitserleven and a member of the Management Committee at SNS Reaal, having also held a variety of management positions at ING and Nationale Nederlanden respectively.

Maarten Edixhoven, new CEO of Aegon the Netherlands

Where required, approval has been granted from the regulator for these management changes.