The Supervisory Board of NN Group N.V. has decided to nominate Clara Streit and Robert Jenkins for reappointment as members of the Supervisory Board for a term of four years. They have been members of the Supervisory Board since 1 June 2017 and 2 February 2016 respectively. The current term of appointment of Clara Streit ends on 12 April 2020 and the term of appointment of Robert Jenkins ends at the close of the Annual General Meeting on 28 May 2020 (‘2020 AGM’). The proposals for reappointment will be submitted for adoption at the 2020 AGM.
The term of appointment of Dick Harryvan, vice-chair of the Supervisory Board, ends at the close of the 2020 AGM. The term of appointment of Supervisory Board member Robert Ruijter, who was appointed pursuant to the enhanced recommendation right of the Central Works Council, ends on 12 April 2020. Both have indicated that they are not available for reappointment.
David Cole, chair of the Supervisory Board: ‘On behalf of the Supervisory Board, I would like to express my sincere gratitude to Dick and Robert for their commitment and support over the past years, and for their valued contribution to NN Group.’
Following the ending of the Supervisory Board memberships of Dick Harryvan and Robert Ruijter, some additional changes will occur within the Supervisory Board. Firstly, Hélène Vletter-Van Dort will succeed Dick Harryvan as vice-chair of the Supervisory Board as of the close of the 2020 AGM. Secondly, Hans Schoen will be considered as appointed pursuant to the enhanced recommendation right of the Central Works Council as of 12 April 2020, and as a result will become a member of the Remuneration Committee as of the same date.
Further information will be included in the convocation for the 2020 AGM which will be available from 15 April 2020 at www.nn-group.com.
NN Group is an international financial services company, active in 18 countries, with a strong presence in a number of European countries and Japan. With all its employees, the Group provides retirement services, pensions, insurance, investments and banking to approximately 17 million customers. NN Group includes Nationale-Nederlanden, NN, NN Investment Partners, ABN AMRO Insurance, Movir, AZL, BeFrank and OHRA. NN Group is listed on Euronext Amsterdam (NN).
Elements of this press release contain or may contain information about NN Group N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014 (Market Abuse Regulation). Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in NN Group’s core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro or European Union countries leaving the European Union, (4) changes in the availability of, and costs associated with, sources of liquidity as well as conditions in the credit markets generally, (5) the frequency and severity of insured loss events, (6) changes affecting mortality and morbidity levels and trends, (7) changes affecting persistency levels, (8) changes affecting interest rate levels, (9) changes affecting currency exchange rates, (10) changes in investor, customer and policyholder behaviour, (11) changes in general competitive factors, (12) changes in laws and regulations and the interpretation and application thereof, (13) changes in the policies and actions of governments and/or regulatory authorities, (14) conclusions with regard to accounting assumptions and methodologies, (15) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (16) changes in credit and financial strength ratings, (17) NN Group’s ability to achieve projected operational synergies, (18) catastrophes and terrorist-related events, (19) adverse developments in legal and other proceedings and (20) the other risks and uncertainties contained in recent public disclosures made by NN Group.
Any forward-looking statements made by or on behalf of NN Group speak only as of the date they are made, and, NN Group assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a solicitation of an offer to buy any securities.