Regulated information - Ageas announces management changes
(Thomson Reuters ONE) -
Ageas today announces the appointment of Christophe Boizard as member of the
Group Executive Committee and as Chief Financial Officer with effect from 5
September 2011. His appointment is subject to the approval of the National Bank
of Belgium.
Bruno Colmant, currently Deputy CEO of Ageas and responsible for Finance and
Legal, will leave the company. He will however assist Ageas as an independent
academic advisor on financial and economic matters as well as on ongoing
financial legacy issues for a period of 2 years starting on 1 October 2011.
Kurt De Schepper, member of the Group Executive Committee, will become
responsible for Legal, next to his position as Chief Risk Officer.
Patrick Depovere, currently CFO of Ageas and member of the Group Management
Committee, has expressed his wish to gradually reduce his professional
involvement in Ageas and to pursue a career outside of the Group. He will remain
with the Group until 31 March 2012, assisting the newly appointed CFO with the
closing of the year 2011.
Christophe Boizard, 52, is a French national, with extensive experience in
Finance and Insurance. For the past 5 years he was Chief Financial Officer for
PARIS RE and most recently a member of the executive management of Partner Re
Global. Prior to this, he spent 17 years at AXA first as head of Finance and
Control at AXA COURTAGE and at AXA FRANCE, subsequently as Chief Financial
Officer of AXA ASSICURAZIONI in Italy and later for the whole Mediterranean
Area. Christophe graduated from Ecole Centrale Paris in 1981. He also holds a
Master of Sciences degree from Stanford University and graduated from Centre des
Hautes Etudes d'Assurances. He is married, with three children. His remuneration
package, in line with the corporate remuneration policy, is the same as the
package of the Deputy CEO as approved by the shareholders' meeting of 2010.
Commenting on the changes to the Group Management, Bart De Smet, CEO of Ageas,
said: "I warmly welcome Christophe to Ageas. He brings to our Group invaluable
experience in finance and insurance, and extensive knowledge of the financial
markets and the investment community. I also wish Bruno good luck in his new
capacity. He has played an important role in co-steering Ageas during a period
of extreme market volatility. And he has been instrumental in the management of
the financial and legal issues. I am pleased that we will continue to benefit
from his valuable advice given the challenges of the current market environment.
I would also like to thank Patrick for his dedication and commitment to our
group for more than 33 years. We are pleased that he will provide support to our
new CFO in the seven coming months, which will ensure a smooth transition of
responsibilities."
As a result of these management changes, the new Group Executive Committee will
be comprised of Bart De Smet (CEO), Christophe Boizard (CFO) and Kurt De
Schepper (CRO).
The Group Management Committee will include the three members of the Executive
Committee; the heads of the four business segments: Antonio Cano, CEO AG
Insurance (Belgium); Barry Smith, CEO United Kingdom; Steven Braekeveldt, CEO
Continental Europe; Gary Grist who succeeded Dennis Ziengs on 1 August 2011 as
CEO Asia; and the Group Risk Officer Emmanuel Van Grimbergen.
Ageas is an international insurance company with a heritage spanning more than
180 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, UK, Luxembourg, Italy, Portugal,
Turkey, China, Malaysia, India and Thailand and has subsidiaries in France,
Germany, Hong Kong and UK. It is the market leader in Belgium for individual
life and employee benefits, as well as a leading non-life player, through AG
Insurance, and in the UK, it has a strong presence as the second largest player
in private car insurance and the over 50's market. It employs more than 13,000
people and has annual inflows of almost EUR 18 billion.
Press contact
+32 (0)2 557 57 37
Investor Relations
Brussels
+32 (0)2 557 57 33
Utrecht
+31 (0)30 252 53 05
Ageas
Rue du Marquis 1 - 1000 Brussels - Belgium
Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
www.ageas.com
Pdf version of the press release:
http://hugin.info/134212/R/1540709/471115.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1540709]
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