Ageas appoints new CEO and Chairman
31 Agosto 2020 - 3:30AM
Ageas appoints new CEO and Chairman
Ageas appoints new CEO and
Chairman
Today, Ageas announces that, subject to
the necessary approvals, Hans De Cuyper will succeed Bart De Smet
as CEO of Ageas with effect from 22 October 2020. At the same
time, Bart De Smet will become the Chairman of the Group replacing
Jozef De Mey who recently announced his decision to step
down.
With Hans De Cuyper, the current CEO of Ageas’s
Belgian subsidiary AG Insurance, Ageas appoints an experienced
leader and people manager with extensive knowledge of the Group and
the insurance sector. Through various senior management
positions held in both Asia and Belgium Hans is extremely well
equipped to bring the best of both cultures together and to
successfully lead Ageas in the next phase of its development.
Hans joined the company in 2004 as Director
Insurance Management Asia in Hong Kong. In 2007, he moved to
Malaysia as Chief Financial Officer in Etiqa Insurance &
Takaful, the joint venture between Maybank and Ageas. From
2011 until 2013, he was Chief Executive Officer for Etiqa and
member of the Executive Committee of Maybank, the leading Malaysian
bank. In September 2013, Hans returned to Belgium to take up
the role of Chief Financial Officer of AG Insurance, Ageas’s
Belgian subsidiary. Since 1 October, 2015, Hans held the
position of Chief Executive Officer of AG Insurance and
consequently CEO of the ‘Belgium’ segment within the Group.
Bart De Smet joined the company in 1998 as a
member of the management committee of Fortis AG (now AG Insurance)
with responsibility for Fortis Employee Benefits. In 2005, he
took charge of the Non-Life business and Broker Channel at Fortis
Insurance Belgium, assuming the position of CEO of Fortis Insurance
Belgium in 2007. In June 2009 he became CEO of Fortis, which
was renamed Ageas in 2010. Under his leadership, the legacies
from the financial crisis were resolved and Ageas transformed into
a strong and independent international insurance Group.
As newly appointed CEO, Hans will be proposed as
member of the Ageas Board at the Shareholders’ Meeting of 22
October 2020. Following his appointment as CEO of Ageas, the
selection process to appoint a new CEO for AG Insurance has been
launched.
In the coming months, Bart and Hans will
continue to work closely with their respective executive teams to
support a smooth transition of responsibilities.
Both appointments are subject to the approval of
the National Bank of Belgium.
Commenting on the appointments Jozef De
Mey says: “I would like to congratulate Hans on his
appointment as the new CEO of Ageas. The Board is confident
that Hans’s extensive experience both in Europe and Asia will
ensure that the company is well prepared for the future and ready
to embark on the next exciting stage in its evolution.
I take this opportunity to also congratulate
Bart on being appointed as Chairman of the Board of Ageas. On
behalf of the Board, I would like to thank Bart for his exemplary
performance as CEO for more than a decade. His leadership has
been truly inspirational, and we know he will continue to add
enormous value to the Group as Chairman.
It is testament to the breadth of management
talent within the Group that both appointments have been filled
internally following a full and independent review that assessed a
range of internal and external candidates as part of our succession
planning process.”
Hans De Cuyper: “I am honored
to have been given this opportunity to lead the company through the
next chapter in its history and I am grateful for the trust the
Board has shown in me. Under Bart’s leadership, Ageas has
transformed itself over the past decade into a successful
independent international insurance group. I am looking
forward to working together with the team that has written this
amazing story over the last 10 years. I also want to thank
the Executive Committee and all my colleagues at AG Insurance for
all the great work! You never failed to deliver on your promise to
the Group. I am eager to catch up with our developments in Asia
since I left the region in 2013, and to guiding our businesses
across Europe and Asia into a bright future. I’m excited
about the many opportunities that lie ahead of us and to continuing
the great work”
Bart De Smet: “As I look back
on my tenure as CEO I do so with much pride. I had an
incredible team of people behind me, and together we delivered on
our promises. In accepting the role of Chairman of the Board
of Ageas Group, I am pleased that I will continue to be a part of
the Ageas growth story and to witness even more success in the
coming years. I congratulate my successor and wish him well
for the future. These are exciting times in our industry, and
also challenging times for society, but I feel confident that under
Hans’s leadership we will continue to deliver what our stakeholders
expect from us.”
Ageas is a listed international
insurance Group with a heritage spanning almost 200 years. It
offers Retail and Business customers Life and Non-Life insurance
products designed to suit their specific needs, today and tomorrow.
As one of Europe's larger insurance companies, Ageas concentrates
its activities in Europe and Asia, which together make up the major
part of the global insurance market. It operates successful
insurance businesses in Belgium, the UK, France, Portugal, Turkey,
China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia,
Singapore, and the Philippines through a combination of wholly
owned subsidiaries and long term partnerships with strong financial
institutions and key distributors. Ageas ranks among the market
leaders in the countries in which it operates. It represents a
staff force of over 45,000 people and reported annual inflows of
over EUR 36 billion in 2019 (all figures at 100%).
- Pdf version of the press release
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