Ralph Hamers nominated CEO of ING Group as of 1 October 2013; Jan Hommen to step down as of that date

Fri Feb 22, 2013 2:55am EST

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ING announced today that Jan Hommen will step down from his position as CEO of ING Group per 1
October 2013. He will be succeeded as CEO by Ralph Hamers (1966, Dutch) currently CEO of ING

Jan 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. Ralph 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. 
Jan Hommen has been a member of the Supervisory Board of ING Group since 2005 and its Chairman
since 2008. In 2009 he became CEO of ING Group and Chairman of the Executive Board.
Following his appointment to the Executive Board Ralph 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. Decisions regarding the composition of
the Board of Directors of ING US are pending in light of the company's planned IPO. 

Jeroen van der Veer, Chairman of the Supervisory Board of ING Group said: "Over the past four
years Jan Hommen has done an outstanding job, guiding ING through the most challenging period in
its history. Under his stewardship ING not only became financially stronger and less complex, but
it also managed to put the customer again at the heart of the company. We are glad he has agreed
to stay on for another five months to ensure a seamless transition. We are convinced that in Ralph
Hamers we have found a successor who has the leadership style, skills and expertise to continue to
execute the strategic course ING is on."

Jan Hommen, CEO of ING Group said: "It has been an honour to serve ING in these extraordinary
times for both the company and the financial sector. I am proud of what we have achieved for ING,
our employees and our customers over the past years. Ralph Hamers is an excellent choice to carry
on with the many tasks that still lie ahead on our road towards successful, independent futures
for our Insurance and Banking businesses. I am determined to do everything in my capacity to make
sure that Ralph can take over smoothly on 1 October ." 

Ralph 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. Ralph Hamers has been
CEO of ING Belgium and Luxemburg since March 2011. There, he played a pivotal role in driving the
strategic "universal direct model" to expand online sales channels and modernise the branches. 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.
Ralph 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. In 2005 he was appointed CEO of ING Bank in the Netherlands before becoming
Global Head of the Commercial Banking Network in 2007. In 2010 he was appointed Head of Network
Management for Retail Banking Direct and International. In that year he also became member of the
ING Banking Management Team which governs corporate development and strategic activities.

Ralph Hamers said: "I am extremely proud that the Supervisory Board has expressed its confidence
in me and nominated me as a member of the Executive Board and the next CEO of this company.
Together with my colleagues I am determined to build on the strong , customer-oriented foundation
that Jan Hommen has laid for us. I look forward to working with Jan and the other Board Members
towards the handover in October. "

ING's 2013 Annual General Meeting of shareholders will be held in Amsterdam on 13 May 2013. The
full proxy materials relating to the meeting will be made available on the ING website
(www.ing.com) as of 28 March 2013.

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ING is a global financial institution of Dutch origin, offering banking, investments, life
insurance and retirement services to meet the needs of a broad customer base. Going forward, we
will concentrate on our position as an international retail, direct and commercial bank, while
creating an optimal base for an independent future for our insurance and investment management

Certain of the statements contained in this document are not historical facts, including, without
limitation, certain statements made of future expectations and other forward-looking statements
that are based on management's current views and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results, performance or events may differ
materially from those in such statements due to, without limitation: (1) changes in general
economic conditions, in particular economic conditions in ING's core markets, (2) changes in
performance of financial markets, including developing markets, (3) consequences of a potential
(partial) break-up of the euro, (4) the implementation of ING's restructuring plan to separate
banking and insurance operations, (5) changes in the availability of, and costs associated with,
sources of liquidity such as interbank funding, as well as conditions in the credit markets
generally, including changes in borrower and counterparty creditworthiness, (6) the frequency and
severity of insured loss events, (7) changes affecting mortality and morbidity levels and trends,
(8) changes affecting persistency levels, (9) changes affecting interest rate levels, (10) changes
affecting currency exchange rates, (11) changes in investor, customer and policyholder behaviour,
(12) changes in general competitive factors, (13) changes in laws and regulations, (14) changes in
the policies of governments and/or regulatory authorities, (15) conclusions with regard to
purchase accounting assumptions and methodologies, (16) changes in ownership that could affect the
future availability to us of net operating loss, net capital and built-in loss carry forwards,
(17) changes in credit-ratings, (18) ING's ability to achieve projected operational synergies and
(19) the other risks and uncertainties detailed in the risk factors section contained in the most
recent annual report of ING Groep N.V. 

Any forward-looking statements made by or on behalf of ING speak only as of the date they are
made, and, ING assumes no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information or for any other reason. This document does not constitute
an offer to sell, or a solicitation of an offer to buy, any securities.

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