THE HAGUE, The Netherlands, August 9, 2012 /PRNewswire/ --
AEGON announces the appointments of C. Michiel van Katwijk (45, Dutch) as Chief Financial Officer (CFO) for the Americas and Darryl Button (43, Canadian) as Executive Vice President, Head of the Corporate Financial Center, effective September 1, 2012.
Mr. Button, who first joined AEGON in 1999 and is currently CFO of AEGON Americas, will relocate to The Hague where he will lead the various financial functions carried out at the Corporate Center. These include finance, treasury, tax and actuarial functions, as well as investor relations. He will report to Jan Nooitgedagt, CFO of AEGON N.V.
Michiel van Katwijk will relocate to Baltimore, Maryland where he will report to Mark Mullin, CEO of AEGON Americas and a member of the Management Board. During his 20 year career with AEGON, Mr. Van Katwijk held various senior management roles including Group Treasurer and more recently
as Head of the Corporate Financial Center.
"These appointments reflect our determination to share the considerable knowledge and expertise that exists within AEGON," said Jan Nooitgedagt. "We look forward to benefiting from Darryl's extensive operational experience gained during his many years with AEGON Americas. At the same time, Michiel brings a wealth of experience to his new role in our US operations. Leveraging our strong capabilities across our organization is central in our strategy and essential to our ambitions to become a leader in our chosen markets in the coming years."
As an international life insurance, pensions and asset management company based in The Hague, AEGON has businesses in over twenty markets in the Americas, Europe and Asia. AEGON companies employ approximately 25,000 people and have nearly 47 million customers across the globe.
Key figures - EUR Q2 2012 2011
Underlying earnings before
tax 443 million 1.5 billion
New life sales 428 million 1.8 billion
Gross deposits 9.8 billion 32 billion
(end of period) 452 billion 424 billion
As at September 1, 2012: Executive Vice President, Head of the Corporate Financial Center
Darryl Button joined AEGON in 1999 as Director of Product Development and Risk Management of AEGONUSA's Institutional Markets operating unit. He was named AEGONUSA's Corporate Actuary in 2002 and Chief Financial Officer of AEGON Americas in 2005, where he currently oversees overall balance sheet management activities for the Americas. From 2008-2011, he was given the additional responsibilities of Chairman, as well as executive management responsibility for AEGON's Canadian operations.
Darryl earned a bachelor's degree 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. Prior to joining AEGON, Darryl was employed by Mutual Life Insurance Co. of Canada.
Michiel van Katwijk
As at September 1, 2012: CFO AEGON Americas
Michiel van Katwijk started his career with AEGON in 1991. He has held a number of financial positions, and was appointed Group Treasurer in 1999. From 2003 to 2005, Michiel oversaw the development of AEGON'sGroup Risk Department. He has been closely involved with AEGON's capital markets activities, as well as AEGON's investor relations program for many years. In 2005, Michiel was appointed Executive Vice President of AEGON N.V. and in 2010 as Head of the Corporate Financial Center. His current responsibilities include actuarial, accounting and reporting, as well as treasury and capital management, tax, and investor relations.
Michiel holds a BBA from Nyenrode Business University and an MBA from the University of Rochester, New York.
Cautionary note regarding non-GAAP measures
This document includes a non-GAAP financial measure: underlying earnings before tax. The reconciliation of underlying earnings before tax to the most comparable IFRS measure is provided in Note 3 "Segment information" of AEGON's Condensed consolidated interim financial statements.
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, is confident, will, and similar expressions as they relate to AEGON. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. AEGON undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
Further details of potential risks and uncertainties affecting the company are described in the company's filings with NYSE Euronext Amsterdam and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, the company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Media RelationsGreg Tucker
Investor RelationsWillem van den Berg
SOURCE AEGON N.V.