PGGM chief executive officer (CEO), Edwin Velzel, is to leave the organisation at the end of 2026, after nine years in the role, having been appointed in November 2017.

Velzel had been appointed to a third term as CEO of the pension administration provider in autumn 2025.

However, he has now decided that with the transition of PGGM’s clients to the new pension contract, new leadership is required as PGGM enters into a new phase.

During his remaining time at PGGM, Velzel said he remained fully committed to completing the transition to the new pension contract for Pensioenfonds Zorg en Welzijn (PFZW), Pensioenfonds Metaal en Techniek (PMT), Bpf Schilders, StiPP and Bpf Koopvaardij, for which PGGM provides pension administration services.

He stated: “Although it is still somewhat early to look back in detail on the almost nine years I have had the privilege of serving as CEO, I can already conclude that PGGM is in a strong position. We successfully completed the enormous task of transitioning six million pensions, much to the satisfaction of our clients.”

PGGM NV supervisory board chair, Marjanne Sint, expressed her “great gratitude” to Vezel and added that under his leadership PGGM has tackled "major strategic issues decisively, leaving the company very well positioned today”.

“It is positive that he has announced his decision to step down in good time, as this provides the space for a careful process to search for a successor. The board has now started this process,” she added.

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