ING Groep Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Steven J. van Rijswijk

Chief executive officer

€2.6m

Total compensation

CEO salary percentage	68.2%
CEO tenure	7yrs
CEO ownership	0.003%
Management average tenure	3.3yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steven J. van Rijswijk's remuneration changed compared to ING Groep's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€3m	€2m	€4b
Sep 30 2023	n/a	n/a	€15b
Jun 30 2023	n/a	n/a	€8b
Mar 31 2023	n/a	n/a	€13b
Dec 31 2022	€3m	€2m	€12b
Sep 30 2022	n/a	n/a	€11b
Jun 30 2022	n/a	n/a	€11b
Mar 31 2022	n/a	n/a	€4b
Dec 31 2021	€3m	€2m	€6b
Sep 30 2021	n/a	n/a	€5b
Jun 30 2021	n/a	n/a	€4b
Mar 31 2021	n/a	n/a	€3b
Dec 31 2020	€2m	€1m	€2b
Sep 30 2020	n/a	n/a	€2b
Jun 30 2020	n/a	n/a	€4b
Mar 31 2020	n/a	n/a	€3b
Dec 31 2019	€2m	€1m	€5b
Sep 30 2019	n/a	n/a	€5b
Jun 30 2019	n/a	n/a	€4b
Mar 31 2019	n/a	n/a	€5b
Dec 31 2018	€2m	€1m	€5b
Sep 30 2018	n/a	n/a	€4b
Jun 30 2018	n/a	n/a	€6b
Mar 31 2018	n/a	n/a	€5b
Dec 31 2017	€1m	€781k	€5b

Compensation vs Market: Steven J.'s total compensation ($USD2.78M) is below average for companies of similar size in the German market ($USD5.55M).

Compensation vs Earnings: Steven J.'s compensation has been consistent with company performance over the past year.

CEO

Steven J. van Rijswijk (53 yo)

7yrs

Tenure

€2,605,300

Compensation

Mr. Steven J. A. van Rijswijk serves as the Chief Executive Officer and Chairman of the Managing Board Banking at ING Bank NV since July 1, 2020. He served as Chief Risk Officer of ING Bank N.V. since Augu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Steven J. van Rijswijk	CEO and Chairman of the Executive Board & Management Board Banking	7yrs	€2.61m	0.0028% € 1.4m
Tanate Phutrakul	CFO and Member of the Executive Board & Management Board Banking	5.3yrs	€1.83m	0.00079% € 387.4k
Ljiljana Cortan	Chief Risk Officer and Member of the Executive Board & Management Board Banking	3.3yrs	€1.94m	0.00031% € 152.0k
Pinar Abay	Head of Retail	4.3yrs	no data	no data
Andrew John Milton Bester	Head of Wholesale Banking and Member of the Executive Board & Management Board Banking	3.1yrs	no data	no data
Marnix van Stiphout	CTO, COO	2.7yrs	no data	no data
Erwin H. Olijslager	Principal Accounting Officer	no data	no data	no data
Han-Tsung Ho	Executive Director	no data	no data	no data
Rob Veldhuizen	Head of Corporate Finance Benelux	no data	no data	no data
Sjoerd Miltenburg	Head of Investor Relations	less than a year	no data	no data
Vroukje Van Oosten Slingeland	General Counsel & MD	no data	no data	no data
Peter Jong	Global Head of Communications	no data	no data	no data

3.3yrs

Average Tenure

53yo

Average Age

Experienced Management: INN1's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Alun Michael Rees	Independent Vice Chairman of the Supervisory Board	5.1yrs	€151.00k	no data
Lodewijk J. van den Bergh	Independent Member of the Supervisory Board	3.1yrs	€97.00k	0.000080% € 39.2k
Juan Calafat	Independent Member of the Supervisory Board	3.6yrs	€123.00k	no data
Hendrika W. P. M. Verhagen	Independent Member of the Supervisory Board	4.6yrs	€108.00k	no data
Margarete Haase	Independent Member of the Supervisory Board	6yrs	€118.00k	no data
Karl Guha	Supervisory Board Chairman	1.1yrs	€130.00k	no data
Alexandra Reich	Supervisory Board Member	1.1yrs	€78.00k	no data
Herman A. Hulst	Independent Member of the Supervisory Board	4.1yrs	€108.00k	0.00011% € 53.9k
Harold H. J. Naus	Independent Member of the Supervisory Board	4.1yrs	€98.00k	0.000050% € 24.5k

4.1yrs

Average Tenure

60yo

Average Age

Experienced Board: INN1's board of directors are considered experienced (4.1 years average tenure).

ING Groep Management

Management criteria checks 4/4

Key information

Recent management updates

ING Americas Appoints Keith Tamayo as Managing Director, Head of North America Credit Sales to support Larger Expansion into ABS market

Ing Groep N.V. Announces Management Changes

ING Groep N.V. Announces Executive Changes

ING Americas Announces Executive Appointments

ING Announces Executive Changes

ING Announces Executive Changes

Recent updates

Upcoming dividend of €0.76 per share

Full year 2023 earnings released: EPS: €1.16 (vs €3.35 in FY 2022)

ING Americas Appoints Keith Tamayo as Managing Director, Head of North America Credit Sales to support Larger Expansion into ABS market

Dividend of €0.76 announced

ING Groep N.V. Proposes to Pay Final Dividend for the Year Ended December 31, 2023, Euronext Amsterdam Payable on 3 May 2024 and Nyse Payable on 10 May 2024

Full year 2023 earnings released: EPS: €2.08 (vs €3.35 in FY 2022)

ING Groep N.V. to Report Q2, 2024 Results on Aug 01, 2024

ING Groep N.V. to Report Q1, 2024 Results on May 02, 2024

Third quarter 2023 earnings released

Ing Groep N.V. Announces Management Changes

ING Groep N.V. Announces Executive Changes

ING Americas Announces Executive Appointments

ING Groep N.V. to Report Fiscal Year 2023 Final Results on Mar 07, 2024

Second quarter 2023 earnings released

ING Announces Executive Changes

ING Announces Executive Changes

ING Groep N.V. Appoints Bahadir Yilmaz as Chief Analytics Officer, Effective 1 July 2023

Key Executive recently bought €80k worth of stock

ING Groep N.V. Provides Earnings Guidance for the Years 2023

First quarter 2023 earnings released: EPS: €0.44 (vs €0.11 in 1Q 2022)

ING Groep N.V. Provides Earnings Guidance for the Years 2023

Upcoming dividend of €0.39 per share at 4.6% yield

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: €1.02 (vs €1.23 in FY 2021)

Full year 2022 earnings released: EPS: €1.02 (vs €1.23 in FY 2021)

ING Announces Retirement of Hans Wijers as Chairman

ING Reportedly Weighs Buying IDBI Bank for India Return

ING Announces Changes to Management Board Banking

Third quarter 2022 earnings released

ING Groep N.V. to Report Q2, 2023 Results on Aug 03, 2023

ING Announces Mariana Gheorghe Not to Be Available for Reappointment to the Supervisory Board

Second quarter 2022 earnings released: EPS: €0.31 (vs €0.37 in 2Q 2021)

ING Groep N.V. Declares Interim Cash Dividend

Global Markets Exchange Group International LLP acquired Pyctor from ING Groep N.V. (ENXTAM:INGA).

ING Groep N.V. commences an Equity Buyback Plan, under the authorization approved on April 25, 2022.

First quarter 2022 earnings released: EPS: €0.11 (vs €0.26 in 1Q 2021)

Upcoming dividend of €0.41 per share

Boursorama Société Anonyme agreed to acquire Retail Banking Business of ING Groep NV in France from ING Groep N.V. (ENXTAM:INGA).

Investor sentiment deteriorated over the past week

Now 20% undervalued

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released

Upcoming dividend of €0.48 per share

Second quarter 2021 earnings released: EPS €0.37 (vs €0.02 loss in 2Q 2020)

COO, Chief Transformation Officer & Member of Management Board Banking Roel M. Louwhoff has left the company

COO, Chief Transformation Officer & Member of Management Board Banking Roel M. Louwhoff has left the company

COO, Chief Transformation Officer & Member of Management Board Banking Roel M. Louwhoff has left the company

COO, Chief Transformation Officer & Member of Management Board Banking Roel M. Louwhoff has left the company

COO, Chief Transformation Officer & Member of Management Board Banking Roel M. Louwhoff has left the company

COO, Chief Transformation Officer & Member of Management Board Banking Roel M. Louwhoff has left the company

National Australia Bank Reportedly in Box Seat in Race for Citi Retail Banking Business

ING Groep N.V. Intends to Make an Additional Payment of Dividend for 2020

Ing Groep N.V. Proposes Dividend

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age