PGGM chief executive Else Bos will resign from her position later this year, stepping away from the Dutch pension fund manager.
PGGM has more than €5 billion of its assets allocated to private equity and has taken a leading position among LPs in terms of demanding transparency around fees and expenses, as well as a focus on sustainability, from its general partners.
Bos, who has worked in executive positions at PGGM since 2002, will leave for an undisclosed employer in November, the pension manager said in a statement. She has been at the forefront of PGGM's investment decisions for over a decade, having joined its executive board in 2004 and appointed deputy chief executive in 2010.
In that time, Bos has helped make PGGM the Dutch's second largest pension manager at €205 billion of assets under management, as well as the manager of €185 billion in assets for Pensioenfonds Zorg en Welzijn, Zeist, Netherlands.
Bos described PGGM in a statement announcing her resignation as “an organisation 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,” she said.
“Else Bos has made an important contribution to the development of PGGM over the past few years,” says Edwin Velzel, chairman of the Supervisory Board. “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.”