StockMarketWire.com - ING Group chief executive Jan Hommen will step down on 1 October and be succeeded by Ralph Hamers, who is currently CEO of ING Belgium.

Hommen's current four-year term on the executive board will expire after the annual general meeting on 13 May and the supervisory board will propose to the AGM to re-appoint him for the period until 1 October to ensure a smooth leadership transition.

Hommen has been a member of the supervisory board since 2005 and its chairman since 2008. In 2009 he became CEO of ING Group and chairman of the executive board.

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