Aegon Announces CFO Transition as Duncan Russell Plans April 2027 Departure

Aegon Announces CFO Transition as Duncan Russell Plans April 2027 Departure

(IN BRIEF) Aegon has announced that Duncan Russell will step down as Chief Financial Officer and leave the company in April 2027, in connection with the planned move of Aegon’s head office and legal seat to the United States. The company has initiated a search for his successor and said further updates will be provided as appropriate. Aegon CEO Lard Friese credited Russell with making an important contribution to the company’s transformation, strengthening its financial foundations and helping position it for long-term success, while Russell said he remains proud of what Aegon has achieved and is committed to supporting an orderly transition.

(PRESS RELEASE) THE HAGUE, 20-Aug-2026 — /EuropaWire/ — Aegon has announced that Duncan Russell will step down as Chief Financial Officer and leave the company in April 2027.

The decision comes in connection with Aegon’s planned move of its head office and legal seat to the United States.

Aegon said it has reached an agreement with Russell regarding the timing of his departure and has started the search for his successor.

Lard Friese, CEO of Aegon, said Russell has made an invaluable contribution to the company’s transformation.

He said Russell has helped strengthen Aegon’s financial foundations and position the company for long-term success.

Friese also described Russell as a trusted personal adviser and said he has greatly valued his counsel and partnership.

On behalf of the Board of Directors and Aegon colleagues, Friese thanked Russell for his leadership and dedication.

Duncan Russell said it has been a privilege to contribute to Aegon’s transformation over recent years while working with colleagues across the organisation.

He said he is proud of what the company has achieved and believes Aegon is well positioned to deliver on the ambitions set out at its Capital Markets Day.

Russell said that while he will not be part of Aegon’s next phase, he remains confident in the company’s future.

He added that he is fully committed to supporting an orderly transition.

Aegon said it will provide further updates as appropriate.

About Aegon

Aegon is an international financial services holding company with the ambition to become a leading US life insurance, annuity, and retirement group with international insurance and asset management subsidiaries. Aegon’s portfolio of businesses includes fully-owned businesses in the United States and Bermuda, and a global asset manager. Via insurance joint-ventures in Spain & Portugal, China, and Brazil, and asset management partnerships in France and China, Aegon combines its international expertise with strong local partners. In addition, it holds a shareholding in a leading Dutch insurance and pensions company and, following completion of the announced sale of Aegon UK, which is expected around the end of 2026, will retain a minority shareholding in a leading UK long-term savings and retirement business.

Aegon’s purpose of helping people live their best lives runs through all its activities. As a global investor and employer, Aegon recognizes its responsibility to address issues that affect the environment and society. The company is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

Disclaimer

This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are included in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2025 Integrated Annual Report.

Mediaa Contacts:

Media relations 

Carolien van der Giessen
+31(0) 61 195 3367
carolien.vandergiessen@aegon.com

Investor relations

Yves Cormier
+31(0) 70 344 8028
yves.cormier@aegon.com

SOURCE: Aegon