NETHERLANDS - Aegon, the Dutch financial services group, has announced that Donald Shepard has takeover from Kees Storm as chairman of the firm's executive board.
Storm is stepping down as Aegon chairman after nine years at the helm, and will retire on July 1st. Once he retires, the firm said it will appoint him to its supervisory board.
Shepard moves up to the top job at Aegon after spending a decade on its executive board. His appointment, announced at the firm’s annual general meeting last week in The Hague, has resulted in Johan van der Werf being appointed to the executive board.
By Geoffrey Ho
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.