ING Group Provides Update On Management Changes - Quick Facts

(RTTNews) - ING Group (ING) announced that Ralph Hamers has succeeded Jan Hommen as CEO of ING Group. Lard Friese has been appointed vice-chairman of ING Insurance. Lard Friese is responsible for business strategy, performance and day-to-day operations of ING Insurance. Delfin Rueda, Doug Caldwell and Dorothee van Vredenburch, also members of the Management Board Insurance EurAsia, have also been appointed to the Management Board Insurance in their respective roles, reporting to Lard Friese. The governance changes have become effective.

"These appointments are an important and logical step in the preparations for a successful IPO," Ralph Hamers said.