MN Services appoints supervisory board
NETHERLANDS - The €60bn pension provider and asset manager MN Services has appointed a new supervisory board of independent members following a re-structuring of its governance.
Peter Kok is a former chief financial officer with Dutch insurer Delta Lloyd, whereas Ella Vogelaar is an independent consultant and interim manager and a former housing minister.
Kees Korevaar is a senior researcher at Tilburg University - specialising in employment issues and human resources policy - and a former consultant at FNV, the largest trade union in the Netherlands.
Cees van Woudenberg is an executive vice-president for internal control and audit with Air France-KLM and a member of the executive board of the company, as well as a member of the executive committee of Air France.
As of 3 March, the four new members replaced the board's seven members whose term had expired.
Ruud Hagendijk, executive chairman at MN Services, said: "The Dutch pension sector is facing structural reform, and it is important the governance structure of the supervisory board be in line with this change.
"Consequently, the supervisory board has proposed a smaller supervisory board, consisting of independent members, rather than those appointed by the stakeholders of industry and unions."
In October, MN Services had already appointed Kees Linse as chairman of the supervisory board, succeeding Han Noten, whose term as chairman ended.
Linse has been chairman of the €17bn Dutch pension fund of energy giant Shell until 2009.