CEO of Dutch Pension Firm PGGM Resigns

Else Bos, CEO of Dutch pension PGGM, has announced that she will resign from the company effective November 1. She has accepted a position at an as-yet disclosed company. The Supervisory Board of PGGM said it will begin a search for a successor in the coming months.

“I have very much enjoyed working at PGGM over the past 15 years,” Bos said in a statement. “[It is] an organization of committed professionals with a green heart who are devoted to creating a valuable future for participants and members.”

Bos has served as CEO since March 2013, when she succeeded Martin van Rijn, who became state secretary in the Netherlands’ Ministry of Health, Welfare & Sport in November 2012. She joined PGGM in 2002 as chief operating officer of investments, and in 2004 was named to the company’s executive board as CEO of investments. In 2010, Bos was named deputy CEO.

Prior to PGGM, Bos was COO and CFO at NIB Capital Asset Management. And before NIB, she had worked at ABN AMRO Bank for 10 years, and is a graduate of Erasmus University Rotterdam. Bos is also on the board of directors of the Dutch National Opera & Ballet.

PGGM manages pension assets worth €205 billion ($230.1 billion), as of December 31, 2016, for different pension funds that serve the more than 700,000 members.