Gerard van Olphen will step down as CEO of APG in the spring of 2021

Published on: 7 September 2020

The APG Group Supervisory Board announces that Gerard van Olphen will step down as Chairman of the Board of APG. In addition to private reasons for this decision, he sees the new strategy that has been developed as a natural moment to make way for a successor. Gerard van Olphen will stay on until the spring of 2021 so that a smooth transfer is possible. The Supervisory Board has now started the procedure for the search for a successor.


Gerard van Olphen started as chairman of the board at APG in March 2016. In recent years, he has led a transformation process to maximize pension value for participants of the pension funds for which APG works. Under his leadership, the execution of the pension administration has improved. Furthermore, APG's position as a worldwide leading investment organization has been strengthened and non-core activities have been sold.


Gerard van Olphen: “The development of the inspiring 2025 future strategy has created a natural moment for personal change for me. The past months have brought me to the conclusion that I want to give more attention to my private life. That is a well-considered decision, whereby I realize the impact on APG. At the same time, I can take this decision with confidence because I know that APG is in the hands of a team of highly motivated and knowledgeable people. I am therefore convinced that APG can fully meet the challenges facing the pension sector. For the coming months, I look forward to further cooperation with my team and a good handover to my successor.”


Pieter Jongstra, chairman of the supervisory board of APG Group: “We would have liked to have made longer use of the involved chairman of the board, that Gerard is for APG, but of course we respect Gerard's considerations and decision. Gerard has led an intensive process from the start of his appointment in which the interests of participants are now top of mind to all in our organization. He is helping to shape the new 2025 strategy, with which the Executive Board and the entire APG team can continue on this path. It is too early to thank Gerard for his enormous contribution to APG, because he will still be our chairman of the board in the coming months, also to ensure a careful follow-up process. ”