Achmea appoints Henk Timmer as CRO on Executive Board

Achmea has appointed Henk Timmer (53) as Chief Risk Officer (CRO) on the Executive Board. He is currently Internal Audit Director at Achmea. His appointment follows the separation of the CFO and CRO functions on the Executive Board. Astrid Langeveld (43) succeeds Henk Timmer as Internal Audit Director.​Henk Timmer, who joined Achmea in 1997, has been responsible for internal audit since 2007. As well as auditing, his other specialisms include risk management, IT and controlling. Astrid Langeveld joined Achmea in 1995 and is currently Senior Internal Audit Manager.

Willem van Duin, Chairman of the Executive Board, commented: "The appointment of a Chief Risk Officer on the Executive Board is crucially important for the control of our main operational risks to a sustainable return. The appointment of Henk Timmer fills the vacancy and brings the Executive Board back up to strength, at a time when we are facing major challenges. It's also good that our new CRO comes from within our own organisation."

Erik van de Merwe, chairman of the Supervisory Board, said: "The appointment of a separate Chief Risk Officer is in line with the current corporate governance requirements for the financial sector. The Supervisory Board considers that, for a cooperative insurer such as Achmea with a prudent risk profile, robust risk management at Executive Board level, is essential given the increased complexity for insurers."

From 1 March, Achmea's Executive Board will consist of Willem van Duin (Chairman), Huub Arendse (CFO), Jeroen van Breda Vriesman (pensions & life insurance and bank distribution), Danny van der Eijk (non-life insurance, direct and broker distribution), Roelof Konterman (health insurance and international operations) and Henk Timmer (CRO).

Both the internal and the external regulators have given their consent to this appointment.

Photo: Henk Timmer, Chief Risk Officer (CRO) Achmea