ING Group : Ralph Hamers nominated CEO of ING Group as of 1 October 2013; Jan
Hommen to step down as of that date
ING announced today that Jan Hommen will step down from his position as CEO of
ING Group per 1 October 2013. He will be succeeded as CEO by Ralph Hamers
(1966, Dutch) currently CEO of ING Belgium.
Jan Hommen's current four-year term in the Executive Board will expire after
the annual General Meeting (AGM) on 13 May 2013. The Supervisory Board will
propose to the AGM to re-appoint him for the period until 1 October to ensure
a smooth leadership transition. Ralph Hamers will be nominated as a member of
the Executive Board per the AGM. As of 1 October 2013 he will succeed Jan
Hommen and become the eighth CEO of ING Group.
Jan Hommen has been a member of the Supervisory Board of ING Group since 2005
and its Chairman since 2008. In 2009 he became CEO of ING Group and Chairman
of the Executive Board.
Following his appointment to the Executive Board Ralph Hamers will also become
a member of the Management Board Banking (MBB) and Management Board Insurance
EurAsia (MBE), and as of 1 October 2013 he will succeed Jan Hommen as CEO of
the MBB and MBE. Decisions regarding the composition of the Board of Directors
of ING US are pending in light of the company's planned IPO.
Jeroen van der Veer, Chairman of the Supervisory Board of ING Group said:
"Over the past four years Jan Hommen has done an outstanding job, guiding ING
through the most challenging period in its history. Under his stewardship ING
not only became financially stronger and less complex, but it also managed to
put the customer again at the heart of the company. We are glad he has agreed
to stay on for another five months to ensure a seamless transition. We are
convinced that in Ralph Hamers we have found a successor who has the
leadership style, skills and expertise to continue to execute the strategic
course ING is on."
Jan Hommen, CEO of ING Group said: "It has been an honour to serve ING in
these extraordinary times for both the company and the financial sector. I am
proud of what we have achieved for ING, our employees and our customers over
the past years. Ralph Hamers is an excellent choice to carry on with the many
tasks that still lie ahead on our road towards successful, independent futures
for our Insurance and Banking businesses. I am determined to do everything in
my capacity to make sure that Ralph can take over smoothly on 1 October ."
Ralph Hamers has a wealth of experience in both Retail and Commercial banking
and an excellent track-record in risk management and in leading strategic
change processes. Ralph Hamers has been CEO of ING Belgium and Luxemburg since
March 2011. There, he played a pivotal role in driving the strategic
"universal direct model" to expand online sales channels and modernise the
branches. He holds a Master of Science in Business Econometrics/Operations
Research from Tilburg University in the Netherlands and has completed
professional programmes at the Netherlands Institute for Banking, the
Amsterdam Institute of Finance, Oxford University and INSEAD.
Ralph Hamers joined ING in 1991 as a relationship manager for Structured
Finance in the Global Clients Division. In 1997 he moved to Global Risk
Management and he became General Manager of ING Romania in 1999. In 2005 he
was appointed CEO of ING Bank in the Netherlands before becoming Global Head
of the Commercial Banking Network in 2007. In 2010 he was appointed Head of
Network Management for Retail Banking Direct and International. In that year
he also became member of the ING Banking Management Team which governs
corporate development and strategic activities.
Ralph Hamers said: "I am extremely proud that the Supervisory Board has
expressed its confidence in me and nominated me as a member of the Executive
Board and the next CEO of this company. Together with my colleagues I am
determined to build on the strong , customer-oriented foundation that Jan
Hommen has laid for us. I look forward to working with Jan and the other Board
Members towards the handover in October. "
ING's 2013 Annual General Meeting of shareholders will be held in Amsterdam on
13 May 2013. The full proxy materials relating to the meeting will be made
available on the ING website (www.ing.com) as of 28 March 2013.
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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
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.
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