AMSTERDAM Feb 22 Dutch bank and insurance group
ING will probably nominate Ralph Hamers, currently head
of its Belgian business, to succeed Jan Hommen as chief
executive, a Dutch newspaper reported on Friday, without citing
As recently as last week when ING reported earnings, Hommen
- who will turn 70 in April - declined to answer questions about
whether he would renew his term or step down.
A spokesman for ING on Friday reiterated that it was up to
the supervisory board to decide.
Hommen has overseen ING's split into separate banking and
insurance operations and the sale of several overseas assets
after the company was bailed out by the Dutch state in 2008. His
term ends later this year unless it is renewed.
Hamers, 46, is not on the ING executive board, and has led
ING operations in the Netherlands and Romania, and its wholesale
banking unit. He will have to shape the post-split ING, and set
out a new growth strategy for the bank operations after the
insurance divestments, Dutch newspaper Het Financieele Dagblad
Hamers is expected to be proposed as the new CEO at ING's
annual shareholder meeting on May 13, and will probably take the
helm during the second half following a handover period, the
(Reporting by Gilbert Kreijger; Editing by Mark Potter)