ING picks a former prime minister to join supervisory board

A former prime minister and former economic affairs minister are among the three nominations for new members of ING’s supervisory board.

Jan Peter Balkende, who was prime minister for the CDA between 2002 and 2010 is currently a professor of governance at Erasmus University in Rotterdam and an external advisor to EY.

He is joined on the nomination list by Hans Wijers, who was economic affairs minister on behalf of the Liberal democratic party D66 from 1994 to 1998 and was chief executive of Akzo Nobel from 2003 to 2012. He is currently on the supervisory board at Heineken and deputy chairman of Shell.

The third nominee is Austrian national Margarete Haase who is currently chief financial officer at Deutz AG. According to the Financieele Dagblad, Haase has spoken out in the past in favour of a quota for women at large listed companies.

The appointments will all be voted on at the bank’s AGM on May 8. If approved, Balkenende will join the board immediately and Wijers in September. The supervisory board plans to elect Wijers to succeed its current chairman Jeroen van der Veer, who will be appointed for one more year to ensure a smooth transition, ING said.

Haase will join at a later date after reducing the number of board positions she already has, in line with Dutch governance rules.

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