Upcoming Executive Transition: CFO Tanate Phutrakul's Departure
Executive Transition at ING: CFO Tanate Phutrakul Steps Down
ING has officially stated that Tanate Phutrakul will be leaving his role as Chief Financial Officer (CFO) and a member of the Executive Board by April 2026. This decision comes after an impressive tenure of 24 years at ING, with the last seven years serving on the Executive Board.
Karl Guha, the chairman of ING’s Supervisory Board, expressed his heartfelt appreciation for Tanate's contribution, noting his grace, integrity, and high standards during his time at the bank. Guha remarked, "It has been a privilege to work with Tanate. He has played a crucial role in steering ING towards strong performance and driving our commitments. We are fortunate to still have him with us until the AGM and wish him success in his future endeavors."
CEO Steven van Rijswijk also acknowledged Tanate's significant impact, saying, "Tanate's departure is indeed bittersweet. His calm demeanor and professionalism greatly helped guide ING through challenging times. His contributions to making ING a resilient and financially robust institution cannot be overstated, enabling our continued growth strategy. We are looking forward to working with him in the coming months."
Tanate's Journey with ING
Tanate Phutrakul's career at ING began in 1998 when he joined as the managing director of ING Barings Securities Thailand. Over the years, he has held various key positions, including heading Wholesale Banking and serving as the CFO for TMB Bank in Thailand. His diverse experiences enabled him to rise through the ranks within ING, where he later held significant leadership roles in the Operations and IT division, Retail Banking International, and ING Belgium. In 2019, he was appointed CFO of ING Group.
The Future of ING Leadership
As the company prepares for this transition, a search for Tanate’s successor has already begun. Announcements regarding the new CFO will be made in due course, assuring stakeholders that the leadership transition will be managed efficiently to maintain stability.
ING is committed to ensuring that the core values and strategic direction remain intact even as it navigates this pivotal moment in its corporate timeline. The search for a new leader who can carry forward the legacy and vision of Tanate is underway, with hopes of finding an individual with the aptitude to continue strengthening ING’s position in the global financial landscape.
Contact Information and Company Overview
For Press Inquiries
Raymond Vermeulen
Phone: +31 20 576 5000
Email: Raymond.Vermeulen@ing.com
For Investor Inquiries
ING Group Investor Relations
Phone: +31 20 576 6396
Email: Investor.Relations@ing.com
About ING
ING is a prominent global financial institution rooted in Europe, with a mission to empower communities and enhance business operations. The organization operates under ING Bank and employs over 60,000 professionals, extending its banking services across more than 100 countries.
ING Group's share performance is reflected in various exchanges, including Amsterdam and Brussels, ensuring robust visibility in the global market.
Frequently Asked Questions
1. Why is Tanate Phutrakul stepping down as CFO?
Tanate has decided to step down as CFO to make way for new leadership after contributing significantly to ING for 24 years.
2. When will Tanate's official departure take place?
Tanate Phutrakul will officially leave his position at the Annual General Meeting in April 2026.
3. What roles did Tanate hold during his career at ING?
Tanate held several key positions, including managing director at ING Barings and CFO of multiple divisions before becoming CFO of ING Group.
4. Who will succeed Tanate as CFO?
The search for Tanate’s successor has commenced, though no announcements have been made regarding who will take over his role.
5. How does ING plan to maintain stability during this transition?
ING is dedicated to finding a capable successor who can uphold the company’s values and strategic direction, ensuring continuity and stability.
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