Management structure

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ING has a two-tier board structure consisting of the Executive Board and the Supervisory Board. In ING's view, a two-tier board is the best way to create the proper checks and balances in the company.

The Executive Board is responsible for day-to-day management of the business and long-term strategy. The Supervisory Board is responsible for controlling management performance and advising the Executive Board. The Supervisory Board is made up exclusively of outside directors.

Diversity and Competence Matrix (as at 1 January 2022)

Diversity and Competence Matrix – as at 1 January 2022: Management Board (EB/MBB)

Management Board Diversity Competencies
Name Year of birth Gender Nationality Executive experience International experience Banking Finance / Audit Risk Operations IT & Cybersecurity ESG
Steven van Rijswijk (EB/MBB, CEO) 1970 M Dutch
Tanate Phutrakul (EB/MBB, CFO) 1965 M Thai
Ljiljana Čortan (EB/MBB, CRO) 1971 F Croatian
Pinar Abay (MBB, head of Market Leaders) 1977 F Turkish
Andrew Bester (MBB, head of Wholesale Banking) 1965 M British/South African
Aris Bogdaneris (MBB, head of Retail and head of Challengers & Growth Markets) 1963 M Canadian
Ron van Kemenade (MBB, chief technology officer) 1965 M Dutch
Marnix van Stiphout (MBB, chief operations officer and chief transformation officer) 1970 M Dutch

Diversity and Competence Matrix - as at 1 January 2022: Supervisory Board (SB)

Supervisory Board Diversity Competencies
Name Year of birth Gender Nationality Executive experience International experience Banking Finance/ Audit Risk Operations IT & Cybersecurity ESG
Hans Wijers (chair) 1951 M Dutch
Mike Rees (vice-chair) 1956 M British
Juan Colombás 1962 M Spanish
Mariana Gheorghe 1956 F Romanian/ British
Margarete Haase 1953 F Austrian
Lodewijk Hijmans van den Bergh 1963 M Dutch
Herman Hulst 1955 M Dutch
Harold Naus 1969 M Dutch
Herna Verhagen 1966 F Dutch

Information as at 1 January 2022

Legend:

● Has sufficient/advanced knowledge, skills and experience in the area and can make a balanced independent judgement on the matter
⊛ Is in addition considered an expert in relation to previous or current roles

Please note the following:
  • The purpose of this matrix is to provide ING’s stakeholders with an overview on the main aspects of diversity and competencies that ING considers to be the most relevant for its stakeholders.
  • The competencies included in this matrix represent a non-exhaustive overview of the competencies that ING's corporate board members already had before joining ING and/or developed during their position(s) at ING.
  • The content of the matrix is subject to change in the light of ING’s continually changing situation, markets and environment.
  • Furthermore, for the appointments of new corporate board members, all relevant competencies are also shared with the ING’s supervisors DNB/ECB based on their standard suitability matrix to assess the collective competence of members of the management/supervisory body.