Edition:
United States

Koos Timmermans To Step Down As CFO And Member Of Executive Board Of ING Group


Tuesday, 11 Sep 2018 01:30am EDT 

Sept 11 (Reuters) - ING GROEP NV ::KOOS TIMMERMANS TO STEP DOWN AS CFO AND MEMBER OF THE EXECUTIVE BOARD OF ING GROUP.RESIGNATION FOLLOWS ANNOUNCEMENT ON 4 SEPTEMBER 2018 OF SETTLEMENT REGARDING SHORTCOMINGS IN EXECUTION OF CUSTOMER DUE DILIGENCE POLICIES.SEARCH PROCESS FOR A SUCCESSOR FOR KOOS TIMMERMANS HAS BEEN STARTED.KOOS TIMMERMANS HAS AGREED TO REMAIN IN HIS POSITION UNTIL SUCCESSION PROCESS.