ABN AMRO Press Release: New management structure of ABN AMRO
(Thomson Reuters ONE) -
New management structure of ABN AMRO
Today, ABN AMRO announces a new management structure to become even more client-
focused, agile and efficient. The new structure includes an Executive Board at
both ABN AMRO Group N.V. and ABN AMRO Bank N.V. level and an Executive Committee
at ABN AMRO Bank N.V. level. The structure will become formally operational once
the approvals for the appointments - to the extent required - are received from
the regulators.
The statutory Executive Board in its final form consists of the Chief Executive
Officer (CEO), the Chief Financial Officer (CFO) and the Chief Risk Officer
(CRO). ABN AMRO Bank N.V. will have an Executive Committee consisting of the
members of the Executive Board together with six other members, and is chaired
by the CEO. In the Executive Committee structure the number of represented
business lines is doubled (Retail Banking, Commercial Banking, Corporate &
Institutional Banking and Private Banking) and also includes two roles with
bank-wide responsibilities (Technology & Innovation and HR & Transformation).
The new management structure thus creates a stronger client focus and explicit
dedication to the business activities at senior executive level.
At the start, the Executive Board exists of Mr Kees van Dijkhuizen as CEO, Mr
Johan van Hall as Vice Chairman, Mr Wietze Reehoorn as CRO and the CFO to be
appointed. Mr Johan van Hall will also be responsible for the portfolio
Technology & Innovation.
The following persons have been appointed to the Executive Committee:
- CEO Retail Banking: Mr Frans van der Horst
- CEO Commercial Banking: Ms Daphne de Kluis
- CEO Corporate & Institutional Banking: Mr Rutger van Nouhuijs
- CEO Private Banking: Mr Pieter van Mierlo
- Chief HR & Transformation: Mr Gert-Jan Meppelink
In connection with the foregoing changes in the leadership structure, Mr Chris
Vogelzang will resign from the Managing Board effective today to allow him to
prepare for his future outside the bank. Mr Vogelzang joined ABN AMRO on 1
January 2000. He was appointed member of the Managing Board, responsible for
Retail & Private Banking, as per 9 April 2009. Ms Olga Zoutendijk, Chairman of
the Supervisory Board: "I express my thanks and appreciation to Mr Chris
Vogelzang for his enthusiastic commitment to ABN AMRO and especially his
significant contribution to the results of Retail & Private Banking." Mr Chris
Vogelzang: "I have had a fantastic time at ABN AMRO, but after eight years I
think it is time for others to take over. I look forward to new challenges and
wish ABN AMRO great success in the future."
The structure and composition of the management level below the Executive
Committee will also be reviewed. The number of executive positions will be
reduced from the current 100 to approximately 40, all direct reports to the
members of the Executive Committee. These positions will have a stronger
involvement in the strategic direction and the leadership of the bank than
before. Moreover, the composition of this Top 40 has a dynamic aspect: the
composition will be reviewed annually.
Mr Kees van Dijkhuizen, CEO: "The substantial changes in the banking sector in
general and within our bank in particular lead us to announce a new management
structure. In recent years, the bank's total staff has decreased significantly
but the size of the senior management level has remained unchanged. With the
changes we are announcing today the number of senior executives (i.e. current
members of the Managing Board and the Senior Managing Directors) will be reduced
from 19 to 9. At the same time, the structure and composition of the management
level below the Executive Committee will be reviewed: reduced in size, with a
stronger strategic involvement. The specific details of the structure will be
completed in the coming weeks. The new management structure marks the new phase
that ABN AMRO has entered, by providing a stronger client focus and extensive
attention to the business activities at the top executive level."
ABN AMRO Press Relations ABN AMRO Investor Relations
Hans van Zon, head of Press & PR Dies Donker, head of Investor
Relations
pressrelations(at)nl.abnamro.com
investorrelations(at)nl.abnamro.com
+31 20 6288900 +31 20 6282282
This press release is made public with reference to article 7 paragraph 1 of
Regulation (EU) 596/2014
ABN AMRO Press Release - New management structure of ABN AMRO:
http://hugin.info/172722/R/2076038/780684.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ABN AMRO via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.02.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 522056
Anzahl Zeichen: 5479
contact information:
Town:
Amsterdam
Kategorie:
Business News
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