ING announces changes to Executive Board, Management Board Banking, and senior management
(Thomson Reuters ONE) -
ING will propose to the 2017 Annual General Meeting (AGM) on 8 May 2017 to
appoint Koos Timmermans and Steven van Rijswijk as members of the Executive
Board. Upon appointment they will also become members of the Management Board
Banking of ING. Koos Timmermans will become chief financial officer as of the
date of the AGM, succeeding Patrick Flynn who has decided to pursue his career
outside of ING. Steven van Rijswijk will become chief risk officer as of 1
August 2017, succeeding Wilfred Nagel, who will retire as of that date.
ING also proposes to the AGM to re-appoint Ralph Hamers, currently CEO of ING,
to the Executive Board for a next period of four years. Ralph Hamers was
appointed to the Executive Board at the AGM in 2013 and became its chairman and
CEO on 1 October 2013.
Koos Timmermans (Dutch, 1960) is currently vice-chairman of ING's Management
Board Banking and is responsible for ING Bank's operations in the Benelux as
well as for aligning ING Bank's activities and balance sheet with new and
upcoming regulation. Koos Timmermans started his career with ING in 1996. He was
a member of the Executive Board of ING Group and chief risk officer from 2007
until 2011, when he was appointed to his current role. In 2014 he assumed
responsibility for the bank's operations in the Benelux. Next to his new role as
chief financial officer, he will remain vice-chairman of the Management Board
Banking.
Steven van Rijswijk (Dutch, 1970) currently is global head of Client Coverage
within ING Wholesale Banking. Steven joined ING in 1995 in the Corporate Finance
team, holding various positions in the Mergers & Acquisitions and Equity Capital
Markets space. In 2010 Steven became head of the Capital Structuring and
Advisory team and in 2012 became global head of Corporate Clients. In 2014 he
assumed his current role, becoming responsible for relationship management,
transaction services and corporate finance for corporate clients and financial
institutions in over 40 countries, while being a member of the Global Credit
Committee and the Wholesale Banking Executive Team. Steven holds a master's
degree in business economics from Erasmus University Rotterdam.
Patrick Flynn became a member of the Executive Board and its chief financial
officer in 2009 following a career at KPMG and HSBC. Wilfred Nagel joined ING in
1991 and held several international roles across the bank. In 2011 he became its
chief risk officer and in 2012 was appointed to the Executive Board.
Jeroen van der Veer, Chairman of the Supervisory Board of ING Group commented:
"I want to thank both Patrick and Wilfred for their valuable contributions over
the past years, transforming ING into a leading pan-European bank with the
robust financial foundation it has today. Patrick played a fundamental role in
our restructuring and divestment programmes while Wilfred was pivotal in
diversifying ING's balance sheet, reducing the volatility of ING's capital and
results. I am confident that Koos Timmermans and Steven van Rijswijk will
successfully continue the acceleration of our Think Forward strategy, enhancing
the customer experience and driving change. As part of a strong and dedicated
team I am sure they will build on the success of ING as one of the digital
leaders in the financial industry."
Roland Boekhout (Dutch, 1963), currently CEO of ING in Germany, will become a
member of the Management Board Banking, taking up the responsibility for ING
Bank's operations in the Benelux, executing the intended integration of ING's
banking platform in the Netherlands and Belgium as announced on 3 October 2016.
Roland joined ING in 1991 as a credit analyst. After that he held various
international management roles across ING. In 2008 he became CEO of ING's
wholesale banking operations in Central and Eastern Europe. In 2010 he was
appointed as CEO of ING in Germany. Roland holds a master's degree in Business
Administration from Erasmus University Rotterdam.
Nick Jue (Dutch, 1965), currently CEO of ING in the Netherlands, will be
appointed CEO of ING in Germany. Nick will continue to build on ING's success in
Germany offering retail products and services through our digital platform to
over 8 million clients and expanding the wholesale bank, offering products to
local and international corporate clients and financial institutions. Nick
joined ING as head of marketing for the savings department of Postbank in 1993.
After that he held various international management roles across ING. In 2007 he
assumed responsibility for ING's Dutch retail banking operations. Nick holds
master's degrees in Management Sciences from Erasmus University Rotterdam and
Marketing from Tilburg University. Announcements on Nick's succession will be
made in due course.
The proposed appointments to the Executive Board and Management Board Banking
are intended to come into effect as of the 2017 AGM on 8 May 2017 and have been
approved by the European Central Bank. Nick Jue's appointment is subject to
regulatory approval. Full details of the proposed (re-)appointments to the
Executive Board will be included in the proxy materials for ING's 2017 AGM on 8
May 2017, which will be published on 23 March 2017.
Note for editors
For further information on ING, please visit www.ing.com. Frequent news updates
can be found in the Newsroom or via the (at)ING_news Twitter feed. Photos of ING
operations, buildings and its executives are available for download at Flickr.
Footage (B-roll) of ING is available via videobankonline.com, or can be
requested by emailing info(at)videobankonline.com. ING presentations are available
at SlideShare.
Press enquiries 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
ING PROFILE
ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank. The purpose of ING Bank
is empowering people to stay a step ahead in life and in business. ING Bank's
52,000 employees offer retail and wholesale banking services to customers in
over 40 countries.
ING Group shares are listed on the exchanges of Amsterdam (INGA AS, INGA.AS),
Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's strategy, which is evidenced by
the number one position among 395 banks ranked by Sustainalytics. ING Group
shares are being included in the FTSE4Good index and in the Dow Jones
Sustainability Index (Europe and World) where ING is among the leaders in the
Banks industry group.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information about ING
Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU
Regulation No 596/ 2014.
Projects may be subject to regulatory approvals. Insofar as they could have an
impact in Belgium, all projects described are proposed intentions of the bank.
No formal decisions will be taken until the information and consultation phases
with the Work Council have been properly finalised.
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 a number of factors,
including, 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) potential consequences
of European Union countries leaving the European Union or a break-up of the
euro, (4) changes in the availability of, and costs associated with, sources of
liquidity such as interbank funding, as well as conditions in the credit and
capital markets generally, including changes in borrower and counterparty
creditworthiness, (5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and customer
behaviour, (8) changes in general competitive factors, (9) changes in laws and
regulations and the interpretation and application thereof, (10) geopolitical
risks and policies and actions of governmental and regulatory authorities,
(11) changes in standards and interpretations under International Financial
Reporting Standards (IFRS) and the application thereof, (12) conclusions with
regard to purchase accounting assumptions and methodologies, and other changes
in accounting assumptions and methodologies including changes in valuation of
issued securities and credit market exposure, (13) changes in ownership that
could affect the future availability to us of net operating loss, net capital
and built-in loss carry forwards, (14) changes in credit ratings, (15) the
outcome of current and future legal and regulatory proceedings, (16) ING's
ability to achieve its strategy, including projected operational synergies and
cost-saving programmes and (17) the other risks and uncertainties detailed in
the most recent annual report of ING Groep N.V. (including the Risk Factors
contained therein) and ING's more recent disclosures, including press releases,
which are available on www.ING.com. Many of those factors are beyond ING's
control.
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 purchase, any securities in the United States or any other
jurisdiction.
PDF version of press release:
http://hugin.info/130668/R/2087756/787983.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: ING Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.03.2017 - 21:34 Uhr
Sprache: Deutsch
News-ID 530195
Anzahl Zeichen: 11709
contact information:
Town:
Amsterdam
Kategorie:
Business News
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