Aegon Appoints New CEO for Asset Management Arm

TL;DR

Aegon AM gets a new CEO, Shawn C.D. Johnson, starting Sept 23. Bas NieuweWeme out.

AI Summary

Aegon Ltd. announced on August 22, 2024, the appointment of Shawn C.D. Johnson as the new CEO of Aegon Asset Management (Aegon AM), effective September 23. Johnson will also join Aegon's Executive Committee. He succeeds Bas NieuweWeme, who is departing the company.

Why It Matters

This leadership change at Aegon Asset Management could signal strategic shifts in the company's investment approach or operational focus.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a senior executive appointment and does not contain significant financial or operational risks.

Key Players & Entities

• Aegon Ltd. (company) — Registrant and parent company
• Shawn C.D. Johnson (person) — Newly appointed CEO of Aegon Asset Management
• Aegon Asset Management (company) — Subsidiary of Aegon Ltd.
• Bas NieuweWeme (person) — Outgoing CEO of Aegon Asset Management
• August 22, 2024 (date) — Date of press release and filing
• September 23 (date) — Effective date of new CEO's appointment

FAQ

Filing Documents

• d227517d6k.htm (6-K) — 48KB
• g227517page3.jpg (GRAPHIC) — 10KB
• 0001193125-24-204857.txt ( ) — 58KB

From the Filing

6-K Securities and Exchange Commission Washington, D.C. 20549 Form 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d/16 of the Securities Exchange Act of 1934 August 2024 Aegon Ltd. Aegonplein 50 2591 TV THE HAGUE The Netherlands Aegons press release, dated August 22, 2024, is included as appendix and incorporated herein by reference. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Aegon Ltd. (Registrant) Date: August 22, 2024 By /s/ J.O. van Klinken J.O. van Klinken Executive Vice President and General Counsel August 22, 2024 Press release Aegon appoints Shawn C.D. Johnson as CEO of Aegon Asset Management Aegon today announces the appointment of Shawn C.D. Johnson as the new CEO of Aegon Asset Management (Aegon AM) and member of Aegons Executive Committee, effective September 23. Shawn succeeds Bas NieuweWeme, who has decided to leave to pursue career opportunities outside of Aegon. To enable a smooth transition, Bas will stay on as an advisor until December 1. Shawn brings a wealth of experience to Aegon AM, having most recently served as CEO of AMP Capital, an international investment manager based in Australia, where he successfully led the company through a period of strategic transformation. During his distinguished career he also founded Guidon Global LLC, advising top institutional investors, and had a 15-year tenure at State Street Global Advisors, a global investment manager, where he chaired the Investment Committee and played a key role in guiding the firms global investment strategies. Lard Friese, CEO of Aegon, commented: Shawns appointment comes at a natural moment for Aegon AM following the completion of key milestones. Shawns extensive expertise in asset management, combined with his strategic consulting and leadership acumen, make him uniquely qualified to guide Aegon AM through the next phase of its transformation. I am confident that Shawn, along with Aegon AMs executive team, will build on our strong foundation to achieve sustainable, profitable growth and further strengthen our competitive position in the industry. Shawn Johnson said: I am excited to join Aegon AM and look forward to working with the teams on the next phase of the strategy to support Aegons ambition to create leading businesses in investment, protection and retirement solutions. Lard Friese continued: I would like to thank Bas NieuweWeme for his many contributions to our business since he joined Aegon in 2019. Under his leadership, Aegon AM has become a more client-driven organization and demonstrated strong growth in its global platforms third-party business and alternatives business. Bas played a key role in moving the organization towards a global platform that operates under one brand to leverage Aegon AMs international expertise and product suite to better serve our clients. Bas NieuweWeme commented: After five years in the role, this is a natural moment to reflect. I am proud to see what we have accomplished together, and it is the right time to embark on a new chapter in my career and allow a new CEO to take the business forward. I am grateful to have enjoyed the trust of my colleagues, our clients, and other stakeholders. Contacts Media relations Investor relations Richard Mackillican Yves Cormier +31(0) 62 741 1546 +31(0) 70 344 8028 richard.mackillican@aegon.com yves.cormier@aegon.com August 22, 2024 Press release About Aegon Aegon is an international financial services holding company. Aegons ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegons portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegons purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com . August 22, 2024 Press release Frward-looking statements The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Sec

View Full Filing

View this 6-K filing on SEC EDGAR