NETHERLANDS - Gerard Rutten is set to take over from Loek Sibbing as chairman of the Dutch association for company pension funds (OPF) on 11 November, the association has announced.

Sibbing has been a board member of the OPF since 2001 and chairman since 2005.

Under his chairmanship, the three Dutch pension organisations OPF, VB and UvB have co-operated closely in furthering the interests of pension funds in the Netherlands.

A code of conduct for fiduciary management was also developed at Sibbing's prompting.

Sibbing is still director of the Unilever pension fund Progress, but it recently emerged that he is to leave the fund to lead a new investment management organisation for Unilever International.

However, Sibbing would not reveal any further details regarding his new role.

"In light of the fact the asset management organisation has yet to be created, we will be able to say more at the end of this year," he said.

Rutten has been an OPF board member for roughly a year.

He is also general director of DSM Pension Services and was previously a director of the Stork pension fund.

He said he was happy about the challenge of the OPF chairmanship and would do his best to "promote the interests of the OPF as strongly as possible in these turbulent times".