Else Bos will step down from her role as CEO of Dutch pension provider PGGM on Nov. 1, said a spokesman.
“The supervisory board of PGGM is now preparing to see who should be Else Bos' successor,” he added. It is not yet known when a replacement will be hired, the spokesman said.
Ms. Bos is taking a position at another organization. Her appointment will be announced in due course, PGGM said in the release.
PGGM has €205.8 billion ($230 billion) in assets under management, and manages the assets of the €185 billion Pensioenfonds Zorg en Welzijn, Zeist, Netherlands.
“I have very much enjoyed working at PGGM over the past 15 years. An organization of committed professionals with a green heart who are devoted to creating a valuable future for participants and members. I am proud of what we have achieved together,” Ms. Bos said in the release.
Edwin Velzel, chairman of the supervisory board, added in the release: “Based in the social background of care and welfare, her ability to give such committed leadership to the prudent management and result-driven and sustainable investment of the pensions of 2.9 million participants has been a remarkable achievement.”