news - Reintje van Haeringen, Marjolein Demmers and Dugald Agble join Supervisory Board FMO


Reintje van Haeringen, Marjolein Demmers and Dugald Agble join Supervisory Board FMO

April 24, 2020

Decision on dividend postponed, following ECB/DNB recommendation

FMO is pleased to announce the appointment of three new Supervisory Board members: Ir. R.P.F. (Reintje) van Haeringen (1963), Ir. M. (Marjolein) Demmers MBA (1967) and Dr. D.K. (Dugald) Agble (1970).

The appointment took place at the 50th Annual General Meeting of shareholders of the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (”FMO”) which, due to the COVID-19 pandemic, was held online for the first time in FMO’s history. Ir. T. (Thessa) Menssen MBA and Drs. D.J. (Dirk Jan) van den Berg, both current members of the Supervisory Board, were reappointed for a second term of 4 years.

The three new members succeeded Prof. dr. ir. P. (Pier) Vellinga, Drs. A.E.J.M. (Alexandra) Schaapveld and Drs. F. (Farah) Karimi, who had already left de board in June 2019 in light of her new position as a member of the Dutch Senate.

Pier Vellinga says goodbye to our organization after 12 years of partnership. The enormous commitment and enthusiasm he has brought, first as a member and subsequently as Chairman to the Board, will not be forgotten. Alexandra Schaapveld is stepping down after serving the maximum term of 8 years under the current Corporate Governance Code. Her contribution of in-depth banking experience to the Audit and Risk Committee has been highly valued.

We express our enormous appreciation for all that Mr. Vellinga and Mrs. Schaapveld have done for our organization. “Over the past ten years, FMO has truly started the transition into a professional, international and leading impact investment bank. The expertise, commitment and leadership of Pier and Alexandra has been instrumental in this process and we are grateful for their advice over all those years.’’ says Peter van Mierlo, Chief Executive Officer.

Dirk Jan van den Berg will take on the Chair-duties ad interim until a permanent Chairperson has been duly elected.

Decision on dividend

The European Central Bank strongly recommended banks to either suspend the dividend payment until at least 1 October 2020, or to completely cancel the dividend payment for 2019. This recommendation is supported by the Dutch Central Bank, given the significant shock that the corona pandemic is inflicting on the economy and the role that is envisaged for banks to mitigate the effects as much as possible. The Supervisory Board and the Management Board have decided to postpone the decision on the payment of the 2019 dividend until at least 1 October 2020.


Reintje van Haeringen (1963) is a development expert and manager with experience in Africa, Latin America and Asia. Mrs. Van Haeringen is currently CEO of the NGO Care Nederland. CARE Nederland is a member of the CARE International Confederation, which is dedicated to poverty reduction and social justice worldwide. Before her career at CARE, she was Regional Director, SNV Latin America, amongst other roles. Mrs. Van Haeringen had led various programs in Ecuador, Nicaragua and Honduras.

Marjolein Demmers (1967) is an international thought leader on a broad range of sustainability topics. Since 2017, Mrs. Demmers is Director/Chair of Natuur & Milieu (Nature & Environment), a Dutch environmental NGO with focus on climate change and biodiversity. Before that, she worked at McKinsey & Company, was COO of the renewable energy business of Essent, and she served as Group Compliance Officer and Director Corporate Responsibility at Royal HaskoningDHV.

Dugald Agble (1970)
is an experienced private equity investor, who has built a solid track record across various top PE firms in London, including Terra Firma Capital Partners and Helios Investment Partners, increasingly focussing on sub Saharan African transactions. Dr. Agble has demonstrated a clear aspiration and dedication to impact investment in diverse industries, including agriculture, manufacturing and health care.

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