Aegon’s Board of Directors will propose to extend the term of Lard Friese as Executive Director of the Board of Directors and Chief Executive Officer at Aegon’s Annual General Meeting of Shareholders (AGM) on June 10, 2026, Aegon said on its website.

According to the company, the proposed extension will run until 2030. His current term is set to expire at the AGM in 2028. Lard Friese has served as CEO of Aegon since May 2020.

“Lard’s leadership and vision are central to Aegon’s transformation. The Board is very pleased to propose to our shareholders to extend his term until the AGM of 2030. This will provide leadership continuity as we relocate to the US and implement our ambition to become a leading US life insurance and retirement group. With his proven track record, the Board has full confidence that Lard, together with the Executive Committee and colleagues across the company, will continue to execute Aegon’s strategy with discipline, consistency and pace, creating sustainable long‑term value for all stakeholders”, commented David Herzog, Chairman of the Board of Directors.