Successor of Bart Le Blanc

Prof. Jaap van Manen has been appointed by the shareholders of APG Group as chairman of the Supervisory Board of APG Groep NV, the largest pension provider in the Netherlands, with effect from January 1, 2019. He succeeds Bart Le Blanc, who resigned as chairman of the Supervisory Board in July, at the end of his term. Pieter Jongstra, Vice-Chairman of the Supervisory Board, took over the tasks of Le Blanc during the intervening period. The appointment of Mr. Van Manen is valid for a period of four years and has been approved by DNB. APG manages 485 billion euros in pension assets and ensures that over 4.5 million people can trust that their accrued pension rights are appropriately invested, administered and paid out.

Jaap van Manen (1950) is a partner at the Strategic Management Center, which deals with issues relating to corporate governance, strategy and processes in the boardroom. He focuses on directors, supervisory directors, shareholders and other stakeholders. His seniority and expertise in the aforementioned areas made him the ideal chairman of the Corporate Governance Code Monitoring Committee, who in recent years was working on a revision of the code for good corporate governance.

Van Manen is also chairman of the Code Good Governance Committee of the Association of Universities (VSNU), member of the Supervisory Board of Bornet Groep Rotterdam BV, board member of the Society and Security Foundation, board member of the Endowment Foundation at the Museum Boijmans van Beuningen and emeritus professor of corporate governance at the University of Groningen. Jaap van Manen was vice-chairman of DNB's supervisory board until 1 October.

He graduated as a registered accountant at the University of Groningen and obtained a PhD in economics from the same university. Jaap van Manen worked almost his entire career for PwC (and its legal predecessors). Before Coopers & Lybrand merged with Pricewaterhouse, he was chairman of Coopers & Lybrand Accountants Nederland. After the merger he became chairman of the Financial Services section.

Pieter Jongstra Vice-Chairman APG Supervisory Board: "I am delighted that we have such an experienced and expert chairman of our Supervisory Board. Jaap van Manen has extensive knowledge and an excellent reputation in the field of corporate governance, company law and financial supervision. He also has broad experience as a director and supervisory director. We look forward to working with him."

Effective January 1, 2019, the Supervisory Board of APG Group will be composed as follows: Jaap van Manen (chairman), Pieter Jongstra (vice chairman), Roger van Boxtel, Maes van Lanschot, Edith Snoeij, Dick van Well and Claudia Zuiderwijk.

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