ABN AMRO Press Release: New management structure of ABN AMRO
February 06 2017 - 2:00AM
New management structure of ABN
AMRO
Today, ABN AMRO announces a new management
structure to become even more client-focused, agile and efficient.
The new structure includes an Executive Board at both ABN AMRO
Group N.V. and ABN AMRO Bank N.V. level and an Executive Committee
at ABN AMRO Bank N.V. level. The structure will become formally
operational once the approvals for the appointments - to the extent
required - are received from the regulators.
The statutory Executive Board in its final form
consists of the Chief Executive Officer (CEO), the Chief Financial
Officer (CFO) and the Chief Risk Officer (CRO). ABN AMRO Bank N.V.
will have an Executive Committee consisting of the members of the
Executive Board together with six other members, and is chaired by
the CEO. In the Executive Committee structure the number of
represented business lines is doubled (Retail Banking, Commercial
Banking, Corporate & Institutional Banking and Private Banking)
and also includes two roles with bank-wide responsibilities
(Technology & Innovation and HR & Transformation). The new
management structure thus creates a stronger client focus and
explicit dedication to the business activities at senior executive
level.
At the start, the Executive Board exists of Mr
Kees van Dijkhuizen as CEO, Mr Johan van Hall as Vice Chairman, Mr
Wietze Reehoorn as CRO and the CFO to be appointed. Mr Johan van
Hall will also be responsible for the portfolio Technology &
Innovation.
The following persons have been appointed to the
Executive Committee:
- CEO Retail
Banking: Mr Frans van der Horst
- CEO Commercial
Banking: Ms Daphne de Kluis
- CEO Corporate
& Institutional Banking: Mr Rutger van Nouhuijs
- CEO Private
Banking: Mr Pieter van Mierlo
- Chief HR &
Transformation: Mr Gert-Jan Meppelink
In connection with the foregoing changes in the
leadership structure, Mr Chris Vogelzang will resign from the
Managing Board effective today to allow him to prepare for his
future outside the bank. Mr Vogelzang joined ABN AMRO on 1 January
2000. He was appointed member of the Managing Board, responsible
for Retail & Private Banking, as per 9 April 2009. Ms Olga
Zoutendijk, Chairman of the Supervisory Board: "I express my thanks
and appreciation to Mr Chris Vogelzang for his enthusiastic
commitment to ABN AMRO and especially his significant contribution
to the results of Retail & Private Banking." Mr Chris
Vogelzang: "I have had a fantastic time at ABN AMRO, but after
eight years I think it is time for others to take over. I look
forward to new challenges and wish ABN AMRO great success in the
future."
The structure and composition of the management
level below the Executive Committee will also be reviewed. The
number of executive positions will be reduced from the current 100
to approximately 40, all direct reports to the members of the
Executive Committee. These positions will have a stronger
involvement in the strategic direction and the leadership of the
bank than before. Moreover, the composition of this Top 40 has a
dynamic aspect: the composition will be reviewed annually.
Mr Kees van Dijkhuizen, CEO: "The substantial
changes in the banking sector in general and within our bank in
particular lead us to announce a new management structure. In
recent years, the bank's total staff has decreased significantly
but the size of the senior management level has remained unchanged.
With the changes we are announcing today the number of senior
executives (i.e. current members of the Managing Board and the
Senior Managing Directors) will be reduced from 19 to 9. At the
same time, the structure and composition of the management level
below the Executive Committee will be reviewed: reduced in size,
with a stronger strategic involvement. The specific details of the
structure will be completed in the coming weeks. The new management
structure marks the new phase that ABN AMRO has entered, by
providing a stronger client focus and extensive attention to the
business activities at the top executive level."
ABN AMRO Press Relations
ABN AMRO Investor Relations
Hans van Zon, head of Press & PR
Dies Donker, head of Investor Relations
pressrelations@nl.abnamro.com
investorrelations@nl.abnamro.com
+31 20
6288900
+31 20 6282282
This press release is made public
with reference to article 7 paragraph 1 of Regulation (EU)
596/2014
ABN AMRO Press Release - New
management structure of ABN AMRO
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ABN AMRO via Globenewswire
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