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."