Edwin Velzel to leave PGGM at the end of 2026 after 9 years as CEO

Edwin Velzel, who started as chief executive officer of PGGM in November 2017, has announced that he will leave the Dutch pension service provider at the end of 2026. He indicates that, with the successful transition of PGGM’s clients to a new pension contract, the company is entering a period that calls for new leadership. Edwin Velzel was appointed for a third term as CEO in autumn 2025.

Velzel shared his decision to step down in a timely manner with the Supervisory Board of PGGM, so that there is sufficient time to organize a smooth transition to a successor. This procedure is now being initiated.

Velzel states that, during his remaining period at PGGM, he will fully commit himself to completing the transition to the new pension contract for Pensioenfonds Zorg en Welzijn, Pensioenfonds voor Metaal en Techniek, Bpf Schilders, StiPP, and Bpf Koopvaardij, for which PGGM manages the pensions.

Edwin Velzel: “Although it is still a bit early to look back extensively on the almost nine years I have been able to serve as CEO, I can already conclude that PGGM is in a good position. We have successfully completed the major task of transitioning six million pension contracts, to the great satisfaction of our clients. In addition, PGGM Investment Management is developing well after the major reorganization carried out in 2025 in light of PFZW’s new investment strategy for 2030. Moreover, the new business unit Vitality Care and Welfare is well positioned to support the health sector in facing challenges in the labor market. This is a good moment to hand over the baton to a successor. And to look forward to new adventures myself; I am curious to see what comes my way.”

Marjanne Sint, chair of the Supervisory Board of PGGM NV: “It is already appropriate for me, on behalf of the Supervisory Board, to express great thanks and appreciation for the way Edwin has fulfilled his chairmanship of PGGM’s board. Under his leadership, PGGM has tackled major strategic issues with vigor, putting the company in a very strong position. It is good that he is announcing his decision to step down in a timely manner, as this allows for a careful process to search for a successor. The Board has now started this process.”

About PGGM  
PGGM is a not-for-profit cooperative pension fund service provider. As pensions administrator, asset manager and advisor to pension fund boards, it executes its social mandate: to provide for good old-age incomes for 5.8 million participants in the Netherlands. On March 31, 2026, PGGM managed EUR 256.5 billion of pension capital, invested globally and long-term. Rooted firmly in the Dutch healthcare sector, PGGM develops innovative provisions for labour market issues in this sector, alone or with strategic partners. Our member organisation PGGM&CO supports 500,000 workers and pensioners with a background in healthcare.  
https://www.pggm.nl/en/