Aegon CFO Jan Nooitgedagt to retire; Darryl Button named as successor and CRO Tom Grondin to join the Management Board
Aegon announces that Chief Financial Officer Jan Nooitgedagt (59, Dutch) has decided to retire at the end of his current term, in line with Aegon’s retirement arrangements for Executive Board members.
The Supervisory Board of Aegon N.V. will propose the appointment of Darryl Button (43, Canadian) as his successor and as a member of the Executive Board at Aegon's Annual General Meeting of Shareholders on May 15, 2013. Mr. Button is currently Executive Vice President and Head of Aegon's Corporate Financial Center and previously served as CFO of Aegon Americas for eight years. The appointment of Mr. Button is subject to the approval of the Dutch Central Bank.
As of January 1, 2013, Chief Risk Officer Tom Grondin (43, Canadian) will be appointed to Aegon's Management Board. Mr. Grondin has served as Chief Risk Officer since 2003. The inclusion of Mr. Grondin's position on the Management Board reflects the importance of risk management within the organization. The Management Board will be comprised of the CEO, CFO and CRO of Aegon N.V., the CEO of Aegon Americas, the CEO of Aegon The Netherlands, the CEO of Aegon UK, and the CEO of Aegon Central & Eastern Europe.
"We are grateful to Jan for the significant role he has played in strengthening Aegon's financial position and risk profile during the challenges of the past years," said Supervisory Board Chairman Rob Routs. "We have full confidence in Darryl Button and look forward to benefiting from his extensive operational experience in Aegon's largest country unit as management continues to pursue the clear strategic priorities it has identified for the coming years. With the appointment of Tom Grondin to the Management Board we will further strengthen our disciplined approach to managing business risk in a manner that supports our long-term growth ambitions."
Darryl Button Executive Vice President, Head of the Corporate Financial Center 43, Canadian
Darryl Button was appointed Executive Vice President and Head of Aegon's Corporate Financial Center on September 1, 2012. His current responsibilities include actuarial, accounting and reporting, as well as treasury and capital management, tax, and investor relations.
Darryl joined Aegon in 1999 as Director of Product Development and Risk Management of Aegon USA's Institutional Markets operating unit. He was named Aegon USA's Corporate Actuary in 2002 and Chief Financial Officer of Aegon Americas in 2005, where he oversaw overall balance sheet management activities for the Americas. Between 2008 and 2011, he was given the additional responsibilities of Chairman, as well as executive management responsibility for Aegon's Canadian operations. Prior to joining Aegon, Darryl was employed by Mutual Life Insurance Co. of Canada.
Darryl earned a Bachelor's of Mathematics degree in Actuarial Science and Statistics from the University of Waterloo in Ontario, Canada. He is a Fellow of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries, and a member of the American Academy of Actuaries.
Tom Grondin Executive Vice President, Chief Risk Officer 43, Canadian
Tom Grondin was appointed Chief Risk Officer of Aegon N.V. in August 2003. His current responsibilities include managing the risk and compliance functions. In this role, Tom is responsible for the development and oversight of Aegon's Enterprise Risk Management framework and internal Economic Framework. The Economic Framework has helped guide Aegon's risk and business strategy over the years.
Tom joined Aegon in 2000 as Director of Product Development and Risk Management and was later promoted to Chief Actuary of Aegon USA's Institutional Markets operating unit. As Chief Actuary, he had overall responsibility for pricing, profitability and risk management for the business. Prior to joining Aegon, Tom was employed as a consultant at Tillinghast-Towers Perrin, and before that as an Asset/Liability manager at Manulife Financial.
Tom holds a B.A. in Mathematics and Statistics from the University of Windsor in Ontario, Canada. He is a Fellow of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries, and a member of the American Academy of Actuaries.