ABP creates panel for CIO search

Stichting Pensioenfonds ABP, Heerlen, Netherlands, formed a search committee to find a CIO to replace Jean Frijns, who was named president of the Dutch government's corporate governance commission. Michael Meijs, a spokesman for the 150 billion euro ($189 billion) pension fund, confirmed that Mr. Frijns will leave the pension system in the second half of 2005 and noted that a timetable for finding Mr. Frijn's replacement has not been set. Mr. Frijns, who will assume the commission post part-time until he leaves ABP, replaces Morris Tabaksblat, who is stepping down from the commission in October. Mr. Frijns will set up and oversee a monitoring commission during his term, according to a statement from the Dutch Ministry of Finance.