ING Group announced today that Alexander Rinnooy Kan (56), member of the ING Group Executive Board responsible for ING's insurance activities in Central Europe and Asia/Pacific, ING Investment Management in Asia/Pacific and ING Real Estate, expressed his intention to resign from the Executive Board as of the Annual Shareholders Meeting on 25 April 2006 upon his proposed appointment by Dutch Cabinet as Chairman of the Social and Economic Council of the Netherlands (SER).
The SER is the main advisory body to the Dutch government on national and international social and economic policy. It represents the interests of trade unions and industry, advising the government on all major social and economic issues.
"During his ten years at ING, Alexander Rinnooy Kan has been a key factor in the success of the organisation's growth strategy, due to his vast experience and excellent reputation worldwide. His broad knowledge of the business and ability to build and maintain strong relationships have continuously supported ING's growth ambitions. ING regrets Alexander Rinnooy Kan's resignation, but congratulates him and wishes him all the best in this prestigious position." said Michel Tilmant, Chairman of the Executive Board of ING Group.
A successor will be named as soon as possible and proposed for appointment during the Annual Shareholders Meeting on 25 April 2006.
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Peter Jong, +31 20 541 5457, peter.jong@ing.com |
ING is a global financial institution of Dutch origin offering banking, insurance and asset
management to over 60 million private, corporate and institutional clients in over 50 countries.
With a diverse workforce of about 114,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING Brand.
