ING to nominate Karl Guha as Supervisory Board chairman

Amsterdam,

ING announced today that it will propose to appoint Karl Guha to the Supervisory Board at the Annual General Meeting to be held on 24 April 2023. Upon decision by the AGM, the appointment will be effective as of the end of the AGM. It is the intention of the Supervisory Board to elect Karl Guha as its chairman effective 1 July 2023. He will then succeed Hans Wijers, who will retire from the Supervisory Board as of that date, as was announced on 2 February 2023.

Karl Guha (Dutch, 1964) has more than 30 years of experience in international banking. He started his career in 1989 at ABN Amro, where he held various positions until 2008. From 2008 to 2013 he served as Group Chief Risk Officer at Unicredit. From 2013 to 2021, he was Chairman of the Managing Board and CEO at Van Lanschot Kempen. He is currently a non-executive director at SHV Holdings and a senior advisor at Goldman Sachs and McKinsey. Karl Guha holds a degree in Economics from Boston University.

Hans Wijers, chairman of the Supervisory Board said: “I am very pleased that in Karl Guha we have found a new chairman with a long and distinguished career in the financial sector, spanning multiple phases and covering various aspects. I am confident that together with him, our Supervisory Board will continue to guide ING in delivering sustainable value for our customers and society at large.”

The proposed appointment of Karl Guha to the Supervisory Board has been approved by the European Central Bank. The full proxy materials for ING’s 2023 AGM on 24 April 2033 will be published on 10 March 2023.

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