Regulated information - Ageas announces management changes
(Thomson Reuters ONE) -
Ageas today announces the appointment of Antonio Cano as Chief Operating Officer
(COO) with effect from 1 October 2015. Antonio Cano will replace Barry Smith,
who has expressed his desire to retire. Antonio Cano will be replaced as CEO of
AG Insurance by Hans De Cuyper, currently CFO of AG Insurance.
Antonio Cano (51), a Dutch national, is a Registered controller with extensive
experience in various domains of the Insurance Business. Antonio joined Ageas in
1993 and held various functions in Business control, ALM, performance management
and strategy. In 2006 he became Managing Director for the Bank channel and Life
insurance of AG Insurance. Since September 2009 Antonio Cano has been CEO of AG
Insurance, a member of the Management Committee of Ageas and holds various board
positions at AG Insurance companies.
The Board of Ageas decided to appoint Antonio Cano as COO of Ageas with effect
from October 1. Concurrent with the existing COO-responsibilities, Antonio Cano
will be responsible for leading the four business segments (Belgium, UK,
Continental Europe and Asia), the delivery of the strategic agenda and results
within these four segments and the leverage of cross business synergies and
innovation.
Barry Smith (61), currently Chief Operating Officer and member of the Management
Committee of Ageas, will retire as of October 1. Throughout his outstanding
career Barry has occupied multiple functions within the Group; he was appointed
CEO of Ageas UK in 2001 and became COO of Ageas Group in January 2013. Barry
managed to establish what was a newly created COO function into one that has
successfully leveraged synergies and added value between our four business
segments. Ageas will continue to benefit from the vast insurance experience of
Barry by his position as board member in a number of companies within the Ageas
Group in the UK, in Italy, Turkey and the non- life activity in Portugal.
Hans De Cuyper (46) is a Belgian national and master in mathematical and
actuarial sciences. Hans joined Ageas in 2004 and held various functions as
Director Risk & Finance, CFO and CEO in our Asian operations. Since September
2013 he is CFO of AG Insurance and member of the Board of Directors of AG
Insurance.
The Board of AG Insurance decided to appoint Hans De Cuyper as CEO of AG
Insurance with effect from October 1. As of that date Hans De Cuyper will also
become Chairman of the Management Committee of AG Insurance and a member of the
Group Management Committee.
The successor of Hans De Cuyper as CFO of AG Insurance will be announced in due
course.
The Group Executive Committee will remain unchanged and is comprised of Bart De
Smet (CEO), Christophe Boizard (CFO) and Filip Coremans (CRO). The COO is always
invited to attend the Executive Committee.
The Group Management Committee will, as of 1 October 2015 reflect these changes:
in addition to the three members of the Executive Committee, it comprises the
COO Antonio Cano, the Group Risk Officer Emmanuel Van Grimbergen and the heads
of the four business segments: Hans De Cuyper, CEO AG Insurance Belgium; Andy
Watson, CEO Ageas UK; Steven Braekeveldt, CEO Continental Europe and Gary Crist
CEO Asia.
This well-prepared succession plan and the efficient collaboration between all
parties involved will ensure an excellent hand-over of roles and
responsibilities and continuity for Ageas.
Commenting on the changes to the Group Management, Bart De Smet, CEO of Ageas,
said:" I am particularly pleased that we have been able to prepare these
important management changes in a timely way allowing us to ensure a smooth and
adequate transition process in the coming months. I am also very pleased that
these changes have come about through internal appointments with Antonio and
Hans accepting these important roles: as well as their professional qualities
and achievements, they both bring to their roles important operational knowledge
of our insurance businesses, both in Europe and in Asia.
I would like to thank Barry for his important contribution to the achievement of
our strategic objectives during his long career with the Group, both in his role
as CEO of Ageas UK and in his role as COO of Ageas Group. I have enjoyed working
with him enormously and look forward to him continuing to collaborate and
contribute to the development of the Group within the Boards of some of the
Ageas companies."
Ageas is an international insurance group with a heritage spanning 190 years.
Ranked among the top 20 insurance companies in Europe, Ageas has chosen to
concentrate its business activities in Europe and Asia, which together make up
the largest share of the global insurance market. These are grouped around four
segments: Belgium, United Kingdom, Continental Europe and Asia and served
through a combination of wholly owned subsidiaries and partnerships with strong
financial institutions and key distributors around the world. Ageas operates
successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey,
China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong
and the UK. Ageas is the market leader in Belgium for individual life and
employee benefits, as well as a leading Non-Life player through AG Insurance. In
the UK, Ageas is the sixth largest Non-Life insurer with a number 3 position in
cars insured and has a strong presence in the over 50's market. Ageas employs
more than 13,000 people in the consolidated entities and over 30,000 in the non-
consolidated partnerships, and has annual inflows of more than EUR 25 billion.
pdf version of the press release:
http://hugin.info/134212/R/1920044/687738.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ageas via GlobeNewswire
[HUG#1920044]
Unternehmensinformation / Kurzprofil:
Datum: 08.05.2015 - 07:41 Uhr
Sprache: Deutsch
News-ID 391844
Anzahl Zeichen: 6763
contact information:
Town:
Brussels
Kategorie:
Business News
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