ING publishes proxy materials for 2017 AGM
23 March 2017 - 6:30PM
ING Groep N.V. ("ING") today published the proxy materials for
its annual General Meeting (AGM), to be held on Monday, 8 May 2017,
in Amsterdam. The proxy materials, including the agenda for the
AGM, are available on the ING website (www.ing.com/agm).
As announced on 14 March 2017, the agenda for the AGM includes
the proposal to appoint Koos Timmermans and Steven van Rijswijk as
members of the Executive Board. Upon appointment they will also be
members of the Management Board Banking of ING. Koos Timmermans
will become chief financial officer as per the end of the AGM,
succeeding Patrick Flynn who has decided to pursue his career
outside of ING. Steven van Rijswijk will become chief risk officer
as of 1 August 2017, succeeding Wilfred Nagel, who will retire as
of that date.
ING also proposes to the AGM to reappoint Ralph Hamers,
currently CEO of ING, to the Executive Board for a next term of
four years. Ralph Hamers was appointed to the Executive Board at
the AGM in 2013 and became its chairman and CEO on 1 October
2013.
It is also proposed to the AGM to appoint Jan Peter Balkenende,
Margarete Haase and Hans Wijers as members of the Supervisory
Board, which was announced on 16 March 2017. Upon decision by the
AGM, the appointment of Jan Peter Balkenende and Hans Wijers will
be effective as per 1 September 2017. In light of a planned
reduction of the total number of her board positions, the
appointment of Margarete Haase will become effective at a later
date upon decision of the Supervisory Board.
It is the intention of the Supervisory Board to elect Hans
Wijers as its chairman to succeed Jeroen van der Veer in that
capacity per the end of the AGM 2018. In order to ensure a smooth
transfer of responsibilities to Hans Wijers, it will be proposed to
the AGM to reappoint Jeroen van der Veer as member of the
Supervisory Board for a period of one year, ending as per the end
of the AGM 2018.
It will also be proposed to the AGM to reappoint Hermann-Josef
Lamberti and Robert Reibestein for a next term of four years as
members of the Supervisory Board. After completing her four year
term since appointment in 2013, Isabel Martín Castellá will retire
from the Supervisory Board at the end of the AGM 2017, having
reached the ING age limit for Supervisory Board members.
Full details of all voting items, including the aforementioned
proposals, are included in the proxy materials published today. The
proxy materials also include the 2016 Annual Report of ING
including the Annual Accounts and the reports of the Executive
Board and the Supervisory Board as published on 16 March 2017, as
well as other information and documents as required by law.
Note for editors
For further information on ING, please visit www.ing.com.
Frequent news updates can be found in the Newsroom or via the
@ING_news Twitter feed. Photos of ING operations, buildings and its
executives are available for download at Flickr. Footage (B-roll)
of ING is available via videobankonline.com, or can be requested by
emailing info@videobankonline.com. ING presentations are available
at SlideShare.
Press
enquiries |
|
Investor
enquiries |
Carolien van der
Giessen |
|
ING Group Investor
Relations |
+31 20 576 6836 |
|
+31 20 576 6396 |
Carolien.van.der.Giessen@ing.com |
|
Investor.Relations@ing.com |
|
|
|
ING
PROFILE ING is a global financial institution with a strong
European base, offering banking services through its operating
company ING Bank. The purpose of ING Bank is empowering people to
stay a step ahead in life and in business. ING Bank's 52,000
employees offer retail and wholesale banking services to customers
in over 40 countries. ING Group shares are listed on the exchanges
of Amsterdam (INGA AS, INGA.AS), Brussels and on the New York Stock
Exchange (ADRs: ING US, ING.N). Sustainability forms an integral
part of ING's strategy, which is evidenced by the number one
position among 395 banks ranked by Sustainalytics. ING Group shares
are being included in the FTSE4Good index and in the Dow Jones
Sustainability Index (Europe and World) where ING is among the
leaders in the Banks industry group.
IMPORTANT LEGAL INFORMATION Elements of this press release
contain or may contain information about ING Groep N.V. and/ or ING
Bank N.V. within the meaning of Article 7(1) to (4) of EU
Regulation No 596/ 2014. ING Group's annual accounts are prepared
in accordance with International Financial Reporting Standards as
adopted by the European Union ('IFRS-EU'). In preparing the
financial information in this document, except as described
otherwise, the same accounting principles are applied as in the
2016 ING Group consolidated annual accounts. All figures in this
document are unaudited. Small differences are possible in the
tables due to rounding. Certain of the statements contained herein
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 a number of factors, including,
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) potential consequences of
European Union countries leaving the European Union or a break-up
of the euro, (4) changes in the availability of, and costs
associated with, sources of liquidity such as interbank funding, as
well as conditions in the credit and capital markets generally,
including changes in borrower and counterparty creditworthiness,
(5) changes affecting interest rate levels, (6) changes
affecting currency exchange rates, (7) changes in investor and
customer behaviour, (8) changes in general competitive
factors, (9) changes in laws and regulations and the
interpretation and application thereof, (10) geopolitical
risks and policies and actions of governmental and regulatory
authorities, (11) changes in standards and interpretations
under International Financial Reporting Standards (IFRS) and
the application thereof, (12) conclusions with regard to
purchase accounting assumptions and methodologies, and other
changes in accounting assumptions and methodologies including
changes in valuation of issued securities and credit market
exposure, (13) changes in ownership that could affect the
future availability to us of net operating loss, net capital and
built-in loss carry forwards, (14) changes in credit ratings,
(15) the outcome of current and future legal and regulatory
proceedings, (16) ING's ability to achieve its strategy,
including projected operational synergies and cost-saving
programmes and (17) the other risks and uncertainties detailed
in the most recent annual report of ING Groep N.V. (including the
Risk Factors contained therein) and ING's more recent
disclosures, including press releases, which are available on
www.ING.com. Many of those factors are beyond ING's control.
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 purchase, any securities in the United States or any
other jurisdiction. |
Attachments:
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