Rabobank Nederland appoints new board members

Rabobank Nederland appoints new board members

ID: 306919

(Thomson Reuters ONE) -


Variable remuneration Executive Board abolished

Ralf Dekker and Rien Nagel will join the Executive Board of Rabobank Nederland,
effective 1 November , 2013. They will have a leading role in the implementation
of the Vision 2016 programme in the coming years. Rabobank also announces the
abolition of the variable remuneration for the Executive Board. This Supervisory
Board decision follows earlier announcements that no variable remuneration would
be awarded to the Executive Board in 2012 and 2013.

Executive Board ready for Vision 2016
As Chief Operating Officer, Ralf Dekker will take on Group-wide responsibility
for the operational support of all banking services. Ralf Dekker joined Rabobank
in 1993. He started as Manager Automation Policy at Rabofacet, the department
which at that time was responsible for all Dutch IT operations and support
services. Between 1998 and 2000, Ralf Dekker was general manager at Rabofacet.
In 2000, he became Managing Board member of Rabobank International. From 2006,
he tis Rabobank International's Chief Operating Officer. Before joining
Rabobank, Ralf worked for Rabobank as an independent consultant. He graduated in
1982 from the Inter-University Faculty of Business Administration in Delft.

From 1 November, Rien Nagel will oversee all activities for retail clients,
private banking clients and SMEs in the Netherlands. Rien Nagel was appointed
Director Retail Banking on 1 May, 2013. During the past 25 years , Rien worked
in various positions throughout Rabobank's domestic banking operations. Rien
Nagel began his career in 1987 as Business Relationship Manager at Rabobank
Zutphen, after graduating from agricultural college Larenstein. After working
for several years at Rabobank Ommen and Rabobank Hardenberg he became Managing
Director Rabobank Winterswijk in 1995. Subsequently he headed Rabobank - Aalten




and Winterswijk Rabobank Achterhoek East. In 2007, Rien Nagel was appointed
Chairman of the Board at Rabobank Utrecht. He graduated in business
administration in 2002 from the Radboud University of Nijmegen.

Piet Moerland , Chairman of the Executive Board of Rabobank Nederland : "Ralf
Dekker and Rien Nagel provide a welcome strengthening force for our Executive
Board. Both have been working for Rabobank for many years and know the bank
through and through. Rien Nagel has experienced all aspects of the domestic
banking business which is crucial for supporting the current transition process
of our local banks. Ralf Dekker brings in all his experience from the operations
arena enabling him to deliver a major contribution. As Executive Board we will
soon decide on the detailed division of tasks."

Wout Dekker , Chairman of the Supervisory Board: "With the appointment of Ralf
Dekker and Rien Nagel, the Executive Board is back to its full strength. I am
very happy that we were able to appoint new executives from our own ranks. Rien
Nagel is a seasoned banker and has a vast domestic business experience. Ralf
Dekker has an impressive track record within both our domestic and international
banking operations. He has demonstrated that he is able to implement major
organisational changes successfully."

Abolition variable remuneration Executive Board
The variable remuneration for the Executive Board Rabobank Nederland has been
abolished. This decision by the Supervisory Board follows earlier announcements
that no variable remuneration would be awarded to the Executive Board in 2012
and 2013.

Rabobank reached agreement on a new Collective Labour Agreement for its 35,000
employees in the Netherlands earlier this year. This agreement included the
cutting of general wage increases until 2016, and the abolition of variable
remuneration for most Rabobank employees.

Wout Dekker, Chairman of the Supervisory Board, comments : "With the abolition
of the variable remuneration for the Executive Board, we are taking into account
the views of our key stakeholders: our customers and members. In addition, we
respond to widely held public views regarding bank executives' pay. The
Supervisory Board has concluded that variable remuneration for our Executive
Board is no longer compatible with the economic role Rabobank plays in Dutch
society.



Note for editors - not for publication



Rights-free photographs of Ralf Dekker and Rien Nagel are available on the links
below.



For enquiries:

Hendrik Jan Eijpe, head of press office Rabobank Group: +31 30 213 0869;
h.a.j.m.eijpe(at)rn.rabobank.nl

René Loman, press officer Rabobank Group: +31 30 216 2622;
r.loman(at)rn.rabobank.nl


Resumé Rien Nagel:
http://hugin.info/133178/R/1736382/581887.pdf

Photo Ralf Dekker:
http://hugin.info/133178/R/1736382/581905.jpg

Photo Rien Nagel:
http://hugin.info/133178/R/1736382/581902.jpg

Resumé Ralf Dekker:
http://hugin.info/133178/R/1736382/581886.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: Rabobank via Thomson Reuters ONE
[HUG#1736382]




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Bereitgestellt von Benutzer: hugin
Datum: 17.10.2013 - 16:00 Uhr
Sprache: Deutsch
News-ID 306919
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