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AEGON supervisory board chairman to step down

Robert Routs will step down as AEGON NV's supervisory board chairman at the insurer's May 18, 2018, annual general meeting, after holding the post since 2010.

The board named William Connelly a successor to Routs after the general meeting. Until then, Routs will continue in his role to ensure a smooth handover.

Connelly joined the supervisory board in May, while Routs has been a member of the board since April 2008.

The firm said Connelly's appointment has been approved by the Dutch central bank.