UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
March 2020
Commission File Number: 001-14642
ING Groep N.V.
(Translation of registrant's name into English)
Bijlmerplein 888
1102 MG Amsterdam
The Netherlands
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
On March 16, 2020, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated March 16, 2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ING Groep N.V. | ||
(Registrant) | ||
Date: March 16, 2020 | /s/ Raymond Vermeulen | |
Raymond Vermeulen | ||
Head of Media Relations | ||
EXHIBIT 99.1
ING to nominate Juan Colombás, Herman Hulst and Harold Naus as members of the Supervisory Board
ING to nominate Juan Colombás, Herman Hulst and Harold Naus as members of the Supervisory Board
ING will propose to the Annual General Meeting (AGM) to appoint Juan Colombás, Herman Hulst and Harold Naus to the Supervisory Board. The proposed appointments are part of the proxy materials for ING’s 2020 AGM on 28 April 2020 which are published today.
Juan Colombás (1962, Spanish) currently is chief operating officer of Lloyds Banking Group, from which he will retire in July 2020. From 2011-2017 he served as chief risk officer of Lloyds Banking Group, joining the Board in 2013. From 1986-2010 he served in various senior risk, control and business management functions at Santander, including chief risk officer at Santander UK.
Herman Hulst (1955, Dutch) was an accountant at EY from 1973-2016. During this period he served at EY and predecessor firms in various professional roles with a focus on the financial services sector. He was a member of EY’s Global Financial Services Executive Committee from 1992-2000, Country Managing Partner for the Netherlands from 2004-2006. From 2004-2009 he was a member of EY’s Global Executive leadership team. Lastly he served as Global Vice Chair Japan and member of Global Practice Group from 2009 until his retirement.
Harold Naus (1969, Dutch) is CEO of Cardano Risk Management and CFO of Cardano Group, an international risk and pension specialist helping pension funds and companies manage their financial risks with asset management, hedging and defined benefit solutions. From 1997-2014 Harold Naus served in various roles at ING including Global Head of Trading Risk Management from 2003-2006 and from 2006-2014 General Manager Market Risk Management including responsibility for trading risk, asset & liability management, retail market risk, and liquidity risk.
Upon decision by the AGM, the appointments of Herman Hulst and Harold Naus will be effective as of the end of the AGM on 28 April 2020 and the appointment of Juan Colombás as of 1 October 2020. The proposed appointments of Herman Hulst and Harold Naus have been approved by the European Central Bank; the appointment of Juan Colombás is subject to approval by the European Central Bank .
Eric Boyer de la Giroday will step down from the Supervisory Board at the end of the 2020 AGM for personal reasons. Eric Boyer was appointed to the Supervisory Board in 2014. Previously, he was active in many roles for ING and predecessors since 1984. He served as a member of the Executive Board and Management Board Banking respectively from 2004 until his retirement in 2011.
Hermann-Josef Lamberti will step down from the Supervisory Board at the end of the 2020 AGM for personal reasons, in line with his desire to reduce his board positions. Hermann-Josef Lamberti was appointed to the Supervisory Board in 2013 and serves as its vice-chairman and chairman of the audit committee.
Hans Wijers, chairman of the ING Supervisory Board said: “We regret that both Eric and Hermann-Josef will step down, but respect their decisions. Eric was part of our company for 36 years during which his invaluable experience and understanding of our industry helped guide us through many challenging times. Hermann-Josef’s in-depth knowledge of many aspects of our sector was of great value to us in the past years. On behalf of the Supervisory Board I want to thank both Eric and Hermann-Josef for their dedication and contributions to ING.”
The full details of all proposals are included in the proxy materials for ING’s 2020 AGM, to be held on 28 April 2020 in Amsterdam. The proxy materials, including the agenda for the AGM, will be made available at www.ing.com/agm on 16 March 2020.
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. ING presentations are available at SlideShare.
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