ING Groep Names Belgian Head Hamers CEO to Succeed Hommen

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ING Groep NV, the biggest Dutch financial-services company, promoted Ralph Hamers to chief executive officer, replacing Jan Hommen, the former chairman who led the firm through the aftermath of a government bailout.

The Dutch national, 46, has led the company’s Belgian and Luxembourg banking unit since 2011 and will take the top job in October. Hommen, whose four-year term as CEO ends on May 13, will have his contract extended by four months to “ensure a smooth leadership transition,” the Amsterdam-based company said in a statement today.