ING Direct 2004 Annual Report Download - page 45

INFORMATION ON MEMBERS OF THE EXECUTIVE BOARD
Michel J. Tilmant, CEO and chairman
(Born 1952, Belgian nationality)
Michel Tilmant graduated from Louvain University with a
Licence in Business Administration. He is also a graduate of
Louvain School for European Affairs. He started his career
with Morgan Guaranty Trust Company in New York. In 1992
he joined Bank Brussels Lambert, where he was appointed
chairman of the Executive Board in 1997. After the acquisition
of BBL by ING in 1998, Michel Tilmant was appointed vice-
chairman as of May 2000. He was appointed CEO and chairman
as of 28 April 2004. His main responsibilities are Corporate
Human Resources, Corporate Development, Corporate
Communications & Affairs and Corporate Audit Services.
Cees Maas, vice-chairman and CFO
(Born 1947, Dutch nationality)
After completing his degree in engineering physics and
economics at the Erasmus University of Rotterdam in 1976,
Cees Maas joined the Ministry of Finance of the Netherlands.
From 1986 to 1992 he was Treasurer-General. In July 1992, he
joined ING Group and became a member of the Executive
Board. In July 1996, Cees Maas was appointed Chief Financial
Officer of the Executive Board. He was appointed vice-
chairman as of 28 April 2004. His main responsibilities are
Corporate Control & Finance, Market, Credit and Insurance
Risk Management, Corporate Tax and Corporate Legal,
Compliance & Security.
Eric F. Boyer de la Giroday
(Born 1952, Belgian nationality)
After completing his degree in commercial engineering,
Eric Boyer started his career with Citibank in 1978. In 1984
he joined Bank Brussels Lambert, which was acquired by ING
Group in 1998, where he held various management positions
in the fields of capital markets, treasury and corporate and
investment banking. He was appointed a member of the
Executive Board of ING Group in April 2004. His main
responsibilities are ING’s Wholesale Banking activities
worldwide.
Fred S. Hubbell
(Born 1951, American nationality)
Fred Hubbell received his bachelor’s degree (B.A.) from the
University of North Carolina in Chapel Hill. He also has a law
degree from the University of Iowa College of Law, Iowa City
and attended the Harvard Graduate School of Business in
Boston. He was Chief Executive Officer and President of the
US life insurance company Equitable of Iowa, which was
acquired by ING in 1997. Following his responsibility for the
international insurance activities, he was appointed a member
of the Executive Board of ING Group in May 2000. Fred
Hubbell is also chairman of ING Verzekeringen N.V.
(ING Insurance). His main responsibilities are ING’s insurance
activities in the Americas and at Nationale-Nederlanden in the
Netherlands, ING Investment Management in the Americas,
ING Investment Management in Europe, coordination of
global activities of ING Investment Management, and Parcom.
Eli P. Leenaars
(Born 1961, Dutch nationality)
Eli Leenaars studied civil law at the Catholic University of
Nijmegen and received an LLM from the European University
Institute in Florence, Italy and attended the Harvard Graduate
School of Business in Boston. After a traineeship at ABN
AMRO bank, he joined ING in 1991, where he held various
management positions, including chairman of ING Poland
and of ING Latin America. He was appointed a member of
the Executive Board of ING Group in April 2004. His main
responsibilities are ING’s Retail Banking and Private Banking
activities, in particular ING Bank, Postbank and RVS in the
Netherlands, ING South-West Europe (including ING Belgium),
ING Bank Slaski in Poland, ING Vysya Bank in India and ING
Trust. He is also responsible for Ops/IT Banking.
Alexander H.G. Rinnooy Kan
(Born 1949, Dutch nationality)
Alexander Rinnooy Kan graduated with a doctorate degree
in mathematics (cum laude) from the University of Leiden.
He also holds a bachelor’s degree in econometrics (cum laude)
and a PhD in mathematics from the University of Amsterdam.
He was awarded a honorary degree in economics from the
Free University of Brussels. Since 1977, he has held various
positions with the Erasmus University of Rotterdam, of which
he was appointed Rector Magnificus in 1986. In 1991, he
became President of the Federation of Netherlands Industries
and Employers (VNO). After the merger in 1995 with the
Netherlands Christian Employers’ Federation (NCW) he
became President of VNO-NCW. In September 1996, he
became a member of the Executive Board of ING Group.
His main responsibilities are ING’s insurance activities in
Central Europe, ING’s Insurance activities in Asia/Pacific, ING
Global Pensions, ING Investment Management in Asia/Pacific,
ING Real Estate, Corporate IT and Corporate Procurement.
Hans K. Verkoren
(Born 1947, Dutch nationality)
After positions with banks before completing his degree in
economics, and after his graduation, with the Ministry of
Finance and the Municipality of Amsterdam, Hans Verkoren
began his career with ING in 1978 at the Postal Giro and
National Savings Bank, which were merged into Postbank N.V.
in 1986. In 1987 he was appointed in the Board of Postbank
and, after the merger with NMB Bank, in the Board of NMB
Postbank. After the merger with Nationale-Nederlanden in
1991 he remained responsible for Postbank until 1995.
In that year he became responsible for consumer banking
international, notably the new ING Direct line of business.
He was appointed a member of the Executive Board of ING
Group in April 2004. His main responsibilities are ING Direct
and ING Card.
ING Group Annual Report 2004 43