Gábor Kepecs, member of AEGON NV's management board and CEO of AEGON Central & Eastern Europe, will retire in 2017.

Kepecs became CEO of the unit in 2009 and joined AEGON's management board in 2007.

The company appointed management board member and AEGON Nederland NV CEO Marco Keim to supervise the group's activities in continental Europe, with effect from Jan. 1, 2017. Keim became a board member in 2008.

Maarten Edixhoven will become the CEO of AEGON Nederland. Edixhoven joined AEGON Nederland's board in June 2014 and is responsible for the pension business.

AEGON said Dec. 15 that it received the required regulatory approvals for the appointments.