Amsterdam, The Netherlands - February 25, 2013, Amsterdam, The Netherlands - ING Group, a financial-services company, announced that Jan H.M. Hommen will step down from his position as CEO of ING Group, effective October 1, 2013.
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Mr. Hommen was appointed to the Supervisory Board of ING Group as of 1 June 2005 and became chairman of the Supervisory Board in January 2008. Until 1 May 2005, he was vice-chairman and CFO of Koninklijke Philips Electronics. From 1975 to 1997, he worked for Alcoa Inc. From 1978, he worked at Alcoa’s head office in the United States, becoming CFO in 1991.
On 26 January 2009, Mr. Hommen was nominated for appointment to the Executive Board by the Supervisory Board. This nomination was adopted by the General Meeting of April 2009. Mr. Hommen is also chairman of the Management Boards Banking and Insurance. He graduated with a master’s degree in Business Economics from the Tilburg University (the Netherlands).
Mr. 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. He will be succeeded as CEO by Ralph Hamers, currently CEO of ING Belgium.
Mr. 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. Following his appointment to the Executive Board Mr. 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.
Mr. 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. He has been CEO of ING Belgium and Luxemburg since March 2011. 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.
Mr. 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. ■