Executive Board and Management Board Banking

ING ensures its boards are always suitably composed to fulfil their duties.

The Executive Board (EB) is responsible for the long-term strategy of ING Group. It consists of the chief executive officer (CEO), chief financial officer (CFO) and chief risk officer (CRO).

The Management Board Banking (MBB) is responsible for the day-to-day management of ING's business.

Below are the members of the EB and MBB and more information like the charter, the diversity & competence matrix, EB's profile, terms of employment and remuneration.

Members of the EB and MBB

Steven van Rijswijk

Tanate Phutrakul

Ljiljana Čortan

Pinar Abay

Andrew Bester

Marnix van Stiphout

Daniele Tonella

Charter and diversity & competence matrix

With the approval of the Supervisory Board (SB), the EB and the MBB have drawn up a charter which includes its duties (updated 31Dec24), powers and working methods and information on its relationships with the SB, the shareholders and depositary receipt holders, the external auditor and the works councils.

Also view the diversity and competence matrix.

 

EB's profile, terms of employment and remuneration

Profile
The SB has adopted a profile for the EB which includes the basic principles for its composition.

Terms of employment
Under the Dutch Corporate Governance Code, the main elements of the employment contract of EB members with the company are required to be made public once the contract has been concluded, and in any event no later than the date of the notice convening the annual general meeting at which the appointment of the EB member is proposed. Read more in the material elements of the remuneration and benefits of the EB members.

Remuneration
ING’s remuneration principles aim to maintain a sustainable balance between short and long-term value creation and builds on ING’s long-term responsibility towards customers, society and other stakeholders. Shareholders at the 2020 AGM approved new remuneration policies for members of the EB and the SB. These came into effect retrospectively from 1 January 2020. The annual report includes detailed information on the remuneration.