Update on leadership changes at ING
(Thomson Reuters ONE) -
ING announced today that, as proposed in February 2013 and approved by the
Annual General Meeting in May 2013, Ralph Hamers has succeeded Jan Hommen as CEO
of ING Group. "It is an honour to follow in the footsteps of Jan, who has shown
great determination and personal commitment in the most testing times for ING.
On behalf of all at ING, I want to thank him again for leaving us with a
stronger, simpler and more customer focused company. It is now up to us to take
ING into the next phase - for the bank as well as for our insurance and
investment management businesses," Ralph Hamers said.
As the European Insurance and Investment Management businesses continue to work
towards a stand-alone future with the aim of being ready for a base case Initial
Public Offering (IPO) in 2014, the governance of ING Insurance has been adapted
as of today. Lard Friese has been appointed vice-chairman of ING Insurance. In
this new role he is responsible for business strategy, performance and day-to-
day operations of ING Insurance. As vice-chairman of ING Insurance, Lard Friese
will report to Ralph Hamers who as CEO of ING Group is also chairman of the
Management Board Insurance.
Lard Friese currently is member of the Management Board Insurance EurAsia and in
that role responsible for the European Insurance and Investment Management
businesses. Delfin Rueda, Doug Caldwell and Dorothee van Vredenburch, also
members of the Management Board Insurance EurAsia, have also been appointed to
the Management Board Insurance in their respective roles, reporting to Lard
Friese. The governance changes have become effective as of today.
"These appointments are an important and logical step in the preparations for a
successful IPO. I am confident that in this period of change, Lard, with his
longstanding expertise in the international insurance industry, will lead this
business forward," Ralph Hamers said. "The strong executive team, is determined
to continue to build an agile organisation that is able to drive change and
performance while keeping our customers as the highest priority."
As announced earlier, in order to expedite the IPO process, ING U.S. has been
transferred out of ING Insurance to ING Group per 30 September 2013, clearing
the way to use ING Insurance (ING Verzekeringen N.V.) as the IPO entity.
Following the leadership changes, the composition of the Executive Board, the
Management Board Banking and the Management Board Insurance will be as follows:
Executive Board
- Ralph Hamers, Chief Executive Officer
- Patrick Flynn, Chief Financial Officer
- Wilfred Nagel, Chief Risk Officer
Management Board Banking
- Ralph Hamers, CEO
- Koos Timmermans, vice-chairman
- Patrick Flynn, CFO
- Wilfred Nagel, CRO
- William Connelly, CEO Commercial Banking
- Eli Leenaars, CEO Retail Banking Direct and International
- Hans van der Noordaa, CEO Retail Banking Benelux
Management Board Insurance
- Ralph Hamers, CEO
- Lard Friese, vice-chairman
- Patrick Flynn, CFO
- Wilfred Nagel, CRO
- Delfin Rueda, CFO Insurance
- Doug Caldwell, CRO Insurance
- Dorothee van Vredenburch, corporate development, HR, communications
ADDITIONAL INFORMATION
In a special edition of ing.world, ING's quarterly online magazine, Ralph Hamers
discusses customers, trust, innovation, courage and more in a video interview.
The edition, released today, also highlights Jan Hommen's years as CEO and can
be found at ingworld.ing.com.
Editors can visit the media kit at ing.com for pictures of ING's board members
that are free to use. Footage (B-roll) of ING head offices and branches can be
downloaded via videobankonline.com, or requested by emailing
info(at)videobankonline.com.
Press enquiries ING Group Investor enquiries
Raymond Vermeulen ING Group Investor Relations
+31 20 576 6369 +31 20 576 6396
Raymond.Vermeulen(at)ing.com Investor.relations(at)ing.com
Press enquiries ING Insurance
Ingeborg Klunder
+31 20 576 6371
Ingeborg.Klunder(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a broad
customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal base
for an independent future for our insurance and investment management operations
IMPORTANT LEGAL INFORMATION
Certain of the statements contained in this document are not historical facts,
including, without limitation, certain statements made of future expectations
and other forward-looking statements that are based on management's current
views and assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results, performance or
events may differ materially from those in such statements due to, without
limitation: (1) changes in general economic conditions, in particular economic
conditions in ING's core markets, (2) changes in performance of financial
markets, including developing markets, (3) consequences of a potential (partial)
break-up of the euro, (4) the implementation of ING's restructuring plan to
separate banking and insurance operations, (5) changes in the availability of,
and costs associated with, sources of liquidity such as interbank funding, as
well as conditions in the credit markets generally, including changes in
borrower and counterparty creditworthiness, (6) the frequency and severity of
insured loss events, (7) changes affecting mortality and morbidity levels and
trends, (8) changes affecting persistency levels, (9) changes affecting interest
rate levels, (10) changes affecting currency exchange rates, (11) changes in
investor, customer and policyholder behaviour, (12) changes in general
competitive factors, (13) changes in laws and regulations, (14) changes in the
policies of governments and/or regulatory authorities, (15) conclusions with
regard to purchase accounting assumptions and methodologies, (16) changes in
ownership that could affect the future availability to us of net operating loss,
net capital and built-in loss carry forwards, (17) changes in credit-ratings,
(18) ING's ability to achieve projected operational synergies and (19) the other
risks and uncertainties detailed in the risk factors section contained in the
most recent annual report of ING Groep N.V.
Any forward-looking statements made by or on behalf of ING speak only as of the
date they are made, and, ING assumes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information or for
any other reason. This document does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities.
PDF version of press release:
http://hugin.info/130668/R/1732257/579683.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via Thomson Reuters ONE
[HUG#1732257]
Unternehmensinformation / Kurzprofil:
Datum: 01.10.2013 - 08:31 Uhr
Sprache: Deutsch
News-ID 301466
Anzahl Zeichen: 8384
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Update on leadership changes at ING"
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