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Amsterdam, 17 March
2003
A new division of tasks ING Group Executive Board
As previously announced, Hessel Lindenbergh will be retiring
from ING Group Executive Board on 1 July 2003. In anticipation of
Mr. Lindenbergh's retirement his main responsibilities had already
been assumed by Michel Tilmant.
Mr. Lindenbergh's activities with regard to corporate and
institutional relationship management will be transferred to the
other Executive Board members. In addition, there will be a new
division of tasks within the ING Group Executive Board.
Alexander Rinnooy Kan will assume responsibility as chairman of
the Executive Committee ING Asia/Pacific. As previously announced,
Phill Shirriff, CEO of ING Asia/Pacific, is retiring on 31 March
2003 and will be succeeded by Jacques Kemp. Mr. Rinnooy Kan
continues to be responsible for ING Real Estate, Baring Asset
Management, Baring Private Equity Partners, Parcom, ING Trust and
for Corporate Human Resources & Management Development, IT and
Corporate Procurement.
Fred Hubbell will assume the global co-ordinating role for ING
Investment Management as well as global responsibility for ING's
pension business. Mr. Hubbell continues in his role as chairman of
the Executive Committee ING Americas. Also, Fred Hubbell will take
over Ewald Kist's role as chairman of ING Insurance N.V., the
holding company of ING's insurance operations.
The new division of responsibilities reflects ING's structure of
three regional Executive Centers (Europe, Americas and
Asia/Pacific) in addition to the CEO and CFO role.
The composition of ING Group Executive Board as of 1 July 2003:
Ewald Kist, Chairman
Michel Tilmant, Vice-Chairman and Chairman Executive Committee ING
Europe
Fred Hubbell, Chairman Executive Committee ING Americas
Cees Maas, Chief Financial Officer
Alexander Rinnooy Kan, Chairman Executive Committee ING
Asia/Pacific
Press enquiries:
Peter Jong, ING Group, tel. +31 20 541 5457
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