Ultimate magazine theme for WordPress.

Hans Wijers resigns as ING Supervisory Board Chairman

Hans Wijers retires as ING supervisory board chairman

ING announced today that Hans Wijers has announced his intention to step down as Chairman and retire from the ING Group Board of Directors in the second half of 2023 for personal reasons. Hans Wijers was appointed to the Supervisory Board in 2017 and became its Chairman in 2018. He was re-elected for a second term in 2021.

Hans Wijers said: “It was an honor to be a member and Chairman of the Board of this great company. I am proud of our achievements over the past few years. This is a good moment to move on as we have the right strategy and leadership in place that deliver sustainable value to our customers and society at large. I am confident that my successor will ensure that ING can continue on this path.”

Steven van Rijswijk, CEO of ING, said: “On behalf of the Management Board Banking, I would like to express my gratitude for the great responsibility Hans has shown in some of the most eventful episodes for our sector and our organisation. He was instrumental in building the current great teams on our boards. I will certainly miss him as an immensely valuable sparring partner. We regret his departure later this year, but wish him all the best for the future.”

In light of Hans Wijers’ intentions, the Board has begun preparations for the election of a successor as Chair of the Board to ensure a smooth transition of responsibilities, also in relation to the overall composition of the Board and regulatory approvals. Any further announcements regarding his successor will be made in due course.

Note to editors

For more information about ING, visit www.ing.com. For regular updates, visit the newsroom or follow the @ING_news Twitter feed. Photos of ING plants, buildings and executives can be downloaded on Flickr.

ING PROFILE
ING is a global financial institution with a strong European base, offering banking services through its operating company, ING Bank. The purpose of ING Bank is to empower people to be one step ahead in life and business. ING Bank’s more than 58,000 employees offer retail and wholesale banking services to clients in over 40 countries.

ING Group shares are listed on the Amsterdam Stock Exchanges (INGA NA, INGA.AS), Brussels and the New York Stock Exchange (ADRs: ING US, ING.N).

Sustainability is an integral part of ING’s strategy, as evidenced by ING’s leading position in industry benchmarks. ING’s Environmental, Social and Governance (ESG) rating from MSCI was reaffirmed at “AA” in September 2022. Since August 2022, Sustainalytics has considered ING’s management of ESG material risks as ‘strong’ and in June 2022 ING received an ESG rating of ‘strong’ from S&P Global Ratings. ING Group shares are also included in key sustainability and ESG index products from leading providers Euronext, STOXX, Morningstar and FTSE Russell.

IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information about ING Groep NV and/or ING Bank NV within the meaning of Article 7 (1) to (4) of EU Regulation No. 596/2014.

Certain of the statements contained herein are not historical facts, including, but not limited to, certain statements about future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results to occur , performance or events could differ materially from those expressed or implied in such statements. Actual results, performance or events could differ materially from those in such statements due to a number of factors, including but not limited to: (1) changes in general economic conditions and customer behavior, particularly economic conditions in ING’s core markets, including changes affecting exchange rates and the regional and global economic impact of Russia’s invasion of Ukraine and related international response measures (2) Impact of the Covid-19 pandemic and related response measures, including lockdowns and travel restrictions, on economic conditions in countries in which ING operates, on ING’s business and operations and on ING’s employees, customers and counterparties (3) changes affecting interest rate levels (4) any failure of a major market participant and related market disruptions (5) Changes in the performance of financial markets, including in Europe and developing markets (6) Fiscal uncertainty in Europe and the United States (7) Discontinuations or changes in “benchmark” indices (8) Inflation and deflation in our major markets (9) Changes in conditions in the credit and capital markets in general, including changes in the creditworthiness of borrowers and counterparties (10) bankruptcies of banks falling under the jurisdiction of the state compensation schemes (11) non-compliance or changes in laws and regulations, including those relating to on financial services, financial crime and tax laws, and their interpretation and application (12) geopolitical risks, political instability, and governmental and regulatory policies and actions, including in relation to the Russian invasion of Ukraine and related international response n (13) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (14) regulatory oversight and regulation, including in relation to stress testing and regulatory limits on dividends and distributions (also between members of the group) (15) regulatory implications of the United Kingdom’s withdrawal from the European Union, including authorizations and equivalence decisions (16) ING’s ability to meet minimum capital and other regulatory requirements (17) Changes in regulation of ING’s and its clients’ US commodities and derivatives business (18 ) Application of bank recovery and resolution rules, including write-down and conversion powers, in relation to our securities (19) Outcome of current and future litigation, enforcement proceedings, investigations or other governmental actions (20) Changes in tax laws and regulations and risks of non-compliance or investigation related to tax laws, including FATCA (21) Operational and IT risks such as system disruptions or failures, security breaches, cyberattacks, human error, changes in operational practices or inadequate controls, including in relation to third parties with whom we do business (22) Cybercrime risks and challenges, including the impact of cyberattacks and changes in laws and regulations relating to cybersecurity and data protection (23) changes in general competitive factors, including the ability to increase or maintain market share (24) inability to protect our intellectual property and third-party infringement claims en (25) inability of counterparties to meet financial obligations or to enforce rights against such counterparties (26) changes in credit ratings (27) business, operational, regulatory, reputational, transition and other risks and challenges related to climate change and ESG related matters (28) inability to attract and retain key personnel (29) future defined benefit liabilities (30) failure to manage business risks, including those related to the use of models, the use of derivatives, or the maintenance of appropriate policies and guidelines (31) changes in capital and credit markets, including interbank funding and customer deposits, which provide the liquidity and capital needed to fund our operations; and (32) the other risks and uncertainties discussed in the most recent annual report of the ING Groep NV (including the risk factors contained therein) and recent disclosures by ING, including press releases, available on www.ING.com.

This document may contain inactive text addresses to Internet sites operated by us and third parties. References to such websites are provided for informational purposes only and information found on such websites is not incorporated by reference into this document. ING makes no representations or warranties as to the accuracy or completeness of any information found on websites operated by third parties and accepts no responsibility for them. ING expressly disclaims any liability in relation to information found on websites operated by third parties. ING cannot guarantee that websites operated by third parties will remain available after the publication of this document or that the information contained on these websites will not change after the submission of this document. Many of these factors are beyond ING’s control.

Any forward-looking statements made by or on behalf of ING speak only as of the date on which they are made, and ING undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise.

This document does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction.

Comments are closed.

%d bloggers like this: