Aegon, a life insurance and pension group, has announced that Johan van der Werf will step down as CEO of Aegon The Netherlands with effect from January 21, 2008.

Mr van der Werf, who also serves on the management board of Aegon, has led the Dutch organization since 2002 and has worked for Aegon and its predecessors since 1982. He will serve as an advisor to the executive board for the remainder of the year. The management board of Aegon The Netherlands will report to Jos Streppell, the CFO of the company.

Donald Shepard, chairman of the executive board, said: We thank Johan for his many years of leadership and commitment to Aegon. In recent years, he has played a key role in improving our Dutch operations and increasing customer service levels in what continues to be a challenging market environment.