American to succeed Aegon chairman - papers 9 Nov

Aegon, the Dutch insurance group, on Thursday appointed American Donald Shepard as its next chairman, an announcement that overshadowed third-quarter results and the company's reiteration of its forecast of full-year earnings growth, adds the FT. The appointment of Mr Shepard, who heads Aegon's US operations and will succeed Kees Storm in April next year, is the most prominent yet of a non-Dutch national in the Netherlands. The move will trigger speculation over Aegon's plans for the US, where it already generates about 60 per cent of earnings. Mr Shepard said there was no questi...