NETHERLANDS: Joop Ruijgrok has been appointed director of the pension fund of technical research institute TNO, the scheme has announced.

Ruijgrok, 56, is at present financial director and head of operational management at TNO. He will take over from Erik van Ballegooijen, who is taking early retirement as of January 1.

The new director has been the employer’s representative on the board of TNO’s pension fund since 2004. He is also a member of the investment committee, a scheme spokesman said.

The board of TNO has not yet decided when Ruijgrok will be available to take up his job as head of its pension fund, the spokesman added.

Van Ballegooijen, 60, has been director of the scheme for eight years. During this period he has led the pension fund to independence from its sponsoring company.