Aegon announces changes to its Board of Directors

Schiphol, November 3, 2025 - Aegon announces today that David Herzog, who was appointed as a member of the Board of Directors (BoD) at Aegon’s 2025 Annual General Meeting of shareholders (AGM), will succeed William Connelly as Chairman of the BoD as of November 13, 2025. In line with previous announcements, Mr Connelly will retire as Chairman and member of the BoD on the same date. 

Aegon also announces today that it will propose to its 2026 AGM to appoint Leni Boeren as a new member of its BoD. Mrs Boeren has extensive experience in both the financial services industry and the wider corporate sector. Her most recent executive role was as CEO of Kempen Capital Management N.V. and as a member of the Executive Board of Van Lanschot Kempen N.V. Prior to this role, Mrs Boeren was CEO and Chair of the Management Board of Robeco Groep N.V., and a member of the Executive Committee at Euronext N.V. Mrs Boeren currently holds non-executive roles at Mollie, NIBC Bank, Ohpen and Air France-KLM. In addition, Mrs Boeren holds several advisory roles, including her membership of the Capital Market Committee of the Dutch Authority for Financial Markets.

William Connelly commented: “I am delighted that the Board will propose Leni Boeren as its new member. Leni has a deep understanding of the financial services and corporate sectors, and extensive experience in transforming companies. She is well placed to contribute to Aegon’s Board and support the execution of the company’s strategy. I am also pleased to pass the chairmanship of the Board to David Herzog, whose wealth of leadership experience in insurance and asset management will be crucial to Aegon's continued success. Looking back on my tenure, it has been a privilege to contribute to Aegon’s transformation, which I am confident will continue under David’s capable leadership.”

David Herzog said: “I look forward to taking on the role of Chairman and working with my fellow Board members to continue advancing Aegon’s strategy and delivering value to our stakeholders. I also look forward to collaborating closely with our CEO, Lard Friese, whose strong leadership has been pivotal in shaping Aegon’s direction. I would like to thank Bill Connelly for his outstanding leadership and dedication to Aegon during his tenure as Chairman. Bill’s vision and commitment have been instrumental in guiding Aegon through its transformation, and I am privileged to build on the strong foundation he has established.”