Transamerica Retirement Services Names New President

May 27, 2009 ( - Transamerica Retirement Services, a marketing unit of Transamerica Financial Life Insurance Company, an AEGON company, announced the promotion of Stig Nybo to president of Transamerica Retirement Services.

Nybo was promoted from his position as chief marketing officer. According to the announcement, he joined Transamerica Retirement Services in July 2002 as divisional vice president of sales for the western region, and also served as national sales director.

Nybo replaces Kent Callahan, who was recently promoted to group head of Employer Solutions and Pensions for the AEGON companies (see Transamerica Retirement CEO to Head New Unit of AEGON Companies ). Callahan will continue to serve in his role as CEO of Transamerica Retirement Services.

Transamerica also announced that Louis Bachetti has been hired to run the national sales effort, reporting to Nybo. Bachetti most recently served as executive vice president and head of institutional distribution for ING Wealth Management’s Retirement Business in the United States.

Nybo and Bachetti will officially assume their roles on June 1, 2009.