Aegon announced that David Herzog will become Chairman of the Board effective November 13, 2025, succeeding William Connelly, who will retire from the role.
The company also proposed that Leni Boeren, former CEO of Kempen Capital Management and ex‑CEO of Robeco Groep, be appointed as a new board member at the 2026 Annual General Meeting.
Herzog brings extensive experience in insurance and asset management, having served as CFO of AIG and on the boards of MetLife and DXC Technology. His appointment is intended to support Aegon's ongoing transformation toward a U.S.-centric model, which has become the company’s largest market and primary source of earnings.
Boeren’s track record of leading financial services firms and driving operational transformation is expected to strengthen Aegon's governance and strategic execution. Her experience includes leading Kempen Capital Management and overseeing the restructuring of Robeco Groep.
Aegon's shift to a U.S.-centric structure involves relocating its legal domicile and headquarters from the Netherlands to the United States, adopting U.S. GAAP, and aligning regulatory compliance with its primary market. The move aims to streamline operations, reduce cross‑border complexities, and enhance shareholder value.
The board changes reinforce Aegon's commitment to governance and strategic alignment as it continues to focus on its core U.S. business, which accounts for the majority of its earnings and operations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.