Dick Sluimers plans to resign as CEO at APG Asset Management, effective Jan. 1, the firm announced Thursday.
“Now (that) the restructuring program at APG — initiated in 2012 — is approaching its final stages, (Mr. Sluimers) considers this a natural point in time to take a leave of the group and to focus on other public administration and consulting work,” APG said in a news release.
APG announced plans in 2012 to cut about 20% of its staff over the next four years.
A spokesman for APG, which has about €417 billion ($465 billion) in assets under management, including those of the €344 billion pension fund ABP, Heerlen, Netherlands, said a search for a new CEO is underway. He declined to provide additional information beyond the news release.
Mr. Sluimers has held various positions at ABP and APG over the last 25 years. He was appointed APG's CEO in 2008.