ING nominates three new members to Supervisory Board
ING nominates three new members to Supervisory Board
ING nominates three new members to Supervisory Board
Amsterdam, 15 March 2011
ING announced today it will propose to the 2011 annual General Meeting (AGM) the appointment of three new members to the Supervisory Board : Sjoerd van Keulen, Joost Kuiper and Luc Vandewalle. Upon decision by the AGM, which will be held on 9 May, the appointment of the new members will be effective as of that date.
Sjoerd van Keulen (1946, Dutch) is Chairman of the Holland Financial Centre. He was Chairman of the Executive Board of SNS REAAL from October 2002 until his retirement in April 2009. Prior to that he was Chairman of the Executive Board of Fortis Bank Nederland and held various senior management positions at Mees Pierson. He is also member of the Supervisory Board of Heijmans N.V. and member of the Supervisory Board of APG Groep. The proposed appointment is based on his broad experience in both the banking and the insurance business.
Joost Kuiper (1947, Dutch) was member of the Executive Board of ABN Amro N.V. from 1998 to 2007. From October 2009 to September 2010 he was joint Administrator in the bankruptcy of DSB Bank. He currently holds several directorships of Dutch companies, both profit and non-profit, including Hespri Holding, IMC B.V and the Prins Bernard Cultuurfonds. The proposed appointment is based on his broad experience in the Dutch financial sector.
Luc Vandewalle (1944, Belgian) is chairman of the Supervisory Board of ING Belgium. In addition, he holds several directorships in Belgian companies. From 2000 to June 2007 he was CEO of ING Belgium. The proposed appointment is based on his long and wide experience in the financial sector in Belgium, one of ING Group’s home markets.
The proposed appointments have been approved by the Dutch Central Bank (DNB).
In addition, ING will propose to the AGM the reappointment of Peter Elverding and Henk Breukink as members of the Supervisory Board. Peter Elverding has decided to no longer act as chairman of the Supervisory Board. However, he will remain as member and vice-chairman of the Supervisory Board. As his successor, the Supervisory Board will appoint Jeroen van der Veer as the new chairman of the Supervisory Board, with effect from the close of the 2011 AGM.
Claus Dieter Hoffmann has decided to retire from the Supervisory Board as of the end of the AGM on 9 May 2011. As announced on 6 January 2011 and effective as of that date, Jackson Tai resigned as a Supervisory Board member in the context of his appointment as a non-executive director of the Bank of China in order to avoid any conflicts of interest. As announced on 24 January, Godfried van der Lugt resigned as a Supervisory Board Member for personal reasons, effective as of that date.
The formal nominations are included in the agenda for the AGM. The agenda and other documents related to the AGM will be available on the ING website (www.ing.com) as of 24 March 2011. As of these dates the documents can also be obtained free of charge at ING Group’s head office.
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ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. As of 31 December 2010, ING served more than 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 105,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.
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