ING announces change in Supervisory Board
(Thomson Reuters ONE) -
ING announced today that Godfried van der Lugt has resigned from the Supervisory
Board of ING Group for personal reasons. Mr. Van der Lugt (70) was scheduled to
step down from the Supervisory Board after the 2011 Annual General Meeting in
May, having agreed in 2010 to stay on for one more year at the request of the
company.
Mr. Van der Lugt's resignation is connected to a personal issue with the Dutch
tax authorities, which has been resolved entirely. Subsequently, De
Nederlandsche Bank received information from the tax authorities. Recently De
Nederlandsche Bank notified Mr. Van der Lugt that it would initiate a renewed
assessment of him. This has lead to Godfried van der Lugt's decision to step
down from the Supervisory Board as of today.
Godfried van der Lugt was appointed to the Supervisory Board in 2001, having
been a member of the Executive Board since the formation of ING Group in 1991.
In 1992 he became vice-Chairman of the Executive Board. From 1998 until 2000 he
served as Chairman of the Executive Board of ING Group.
"Godfried van der Lugt has distinguished himself in the Supervisory Board
through his extensive knowledge of the banking sector and ING in particular. We
thank him for his many years of excellent supervision and advice," said Peter
Elverding, Chairman of the Supervisory Board of ING Group.
Press enquiries Investor enquiries
Raymond Vermeulen ING Group Investor Relations
+31 20 541 5682 +31 20 541 5460
Raymond.vermeulen(at)ing.com Investor.relations(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services. As of 30 September 2010,
ING served more than 85 million private, corporate and institutional clients in
more than 40 countries. With a diverse workforce of about 107,000 people, ING is
dedicated to setting the standard in helping our clients manage their financial
future.
IMPORTANT LEGAL INFORMATION
Certain of the statements contained herein 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) the implementation of ING's restructuring plan to
separate banking and insurance operations, (4) 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, (5) the frequency and severity of
insured loss events, (6) changes affecting mortality and morbidity levels and
trends, (7) changes affecting persistency levels, (8) changes affecting interest
rate levels, (9) changes affecting currency exchange rates, (10) changes in
general competitive factors, (11) changes in laws and regulations, (12) changes
in the policies of governments and/or regulatory authorities, (13) conclusions
with regard to purchase accounting assumptions and methodologies, (14) changes
in ownership that could affect the future availability to us of net operating
loss, net capital and built-in loss carry forwards, (15) ING's ability to
achieve projected operational synergies, (16) reporting the US Legacy VA
business as a separate business line, and (17) implementation of fair value
accounting for Guaranteed Minimum Withdrawal Benefits for the US insurance
businesses. 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.
pdf version of press release:
http://hugin.info/130668/R/1481922/417220.pdf
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(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#1481922]
Unternehmensinformation / Kurzprofil:
Datum: 24.01.2011 - 18:59 Uhr
Sprache: Deutsch
News-ID 50686
Anzahl Zeichen: 5216
contact information:
Town:
Amsterdam
Kategorie:
Business News
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