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U.S. Exec To Succeed Storm As Head Of Aegon

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NU Online News Service, Nov. 8, 4:18 p.m. – Aegon N.V., The Hague, Netherlands, says Donald Shepard, the head of its U.S. operations, will take over as chairman of the parent company in April 2002.

Kees Storm, the current chairman, is stepping down because he will turn 60 in July 2002, Aegon says. In the Netherlands, 60 is the normal retirement age.