Aegon announces Jan Nooitgedagt to succeed Jos Streppel as CFO

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.

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.