Tanate Phutrakul to succeed Koos Timmermans as chief financial officer of ING
05 December 2018 - 8:21AM
ING announced today that Tanate Phutrakul will
succeed Koos Timmermans as CFO of ING. As announced on 11 September
2018, in consultation with the Supervisory Board, Koos Timmermans
will step down from his position as chief financial officer and
member of the Executive Board of ING Group and will leave the
company.
In order to ensure an orderly transition Tanate
Phutrakul will succeed Koos Timmermans, being appointed as CFO and
member of the Management Board Banking on 7 February 2019,
after the presentation of the 2018 fourth quarter and full year
results, which is scheduled for 6 February 2019. The Supervisory
Board will nominate Tanate Phutrakul for appointment as a member of
the Executive Board of ING Group at the Annual General Meeting in
April 2019. The appointments have been approved by the European
Central Bank.
Tanate Phutrakul (Thai, 1965) is currently ING
Group Controller. He first joined ING in 1998 as managing director
of ING Barings Securities Thailand. From 2003 until 2008 he served
as head of Wholesale Banking and chief financial officer of TMB
Bank in Thailand. In 2008 he rejoined ING to become CFO of the
Operations and IT unit and later of Retail Banking International.
In 2015 he took up the position of CFO of ING in Belgium, a role he
held until 1 October of 2018.
Tanate Phutrakul holds a master's degree in
Chemical Engineering from Imperial College, University of London
and an MBA from Harvard Business School.
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ING PROFILE
ING is a global financial institution with a strong European base,
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The purpose of ING Bank is empowering people to stay a step ahead
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INFORMATION
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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/
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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
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(17) the inability to protect our intellectual property and
infringement claims by third parties, (18) the inability to
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(20) ING's ability to achieve its strategy, including
projected operational synergies and cost-saving programmes and
(21) the other risks and uncertainties detailed in the most
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Tanate Phutrakul to succeed Koos
Timmermans
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information contained therein.
Source: ING Group via Globenewswire
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