Tanate Phutrakul Announces Departure as CFO by 2026 AGM
Tanate Phutrakul to Depart from CFO Role in 2026
ING has made headlines today with the announcement that Tanate Phutrakul will be stepping down from his role as Chief Financial Officer (CFO) and member of the Executive Board. His planned departure will take place at the Annual General Meeting (AGM) in 2026, marking the end of a significant 24-year journey at ING, which includes 7 years of service on the Executive Board.
A Legacy of Leadership
Karl Guha, chairman of the Supervisory Board, expressed his admiration for Tanate, stating, "It has been a privilege to work with Tanate. I have come to know him as a man of good grace, integrity, and high standards. He has been instrumental in steering ING towards strong performance and fulfilling our promises. We are fortunate to have him with us until the AGM and wish him the best in his future endeavors."
Reflections from the CEO
Steven van Rijswijk, the CEO of ING, also shared his gratitude, saying, "I want to thank Tanate for his years of dedicated service at ING. While it’s hard to see a colleague leave, the time has come for Tanate to transition after seven impactful years as CFO on the board. His professional demeanor and calm approach have been pivotal in navigating ING through challenging periods across banking, the sector, and global trends. His role in shaping ING into a financially robust institution capable of ongoing growth cannot be overstated. We look forward to collaborating with him in the coming months."
Tanate Phutrakul's Journey at ING
In his own words, Tanate expressed gratitude: "Serving as a board member of ING has been a pleasure, and I am proud to have contributed to shaping the bank. It has been a remarkable journey, and I appreciate the support from Steven, my fellow board members, and all the ING colleagues I've worked with over the years."
A Long and Notable Career
Tanate's career at ING began in 1998 when he took the role of managing director at ING Barings Securities Thailand. His experience continued to grow, with invaluable positions such as head of Wholesale Banking and CFO at TMB Bank in Thailand from 2003 to 2008. In subsequent years, he held the CFO positions for ING's Operations and IT unit, ING Retail Banking International, and ING Belgium, before earning his place on the Executive Board as CFO of ING Group in 2019.
Looking Ahead
With Tanate's impending departure, ING has already initiated the search for a suitable successor, and announcements regarding this matter will be forthcoming. The future leadership will build upon the robust foundation Tanate established during his tenure.
ING's Ongoing Commitment to Sustainability
As ING moves forward, the bank is committed to sustainability and integrating this principle into its core business practices. With over 60,000 employees, ING operates globally, servicing customers in more than 100 countries. The bank’s strong European roots are vital in delivering both retail and wholesale banking services while helping customers achieve their financial goals.
Recent Sustainability Achievements
ING has continually enhanced its ESG strategies, recently receiving an 'AA' ESG rating from MSCI for five consecutive years. Sustainability is at the heart of ING's operations as they navigate clients toward a low-carbon economy, demonstrating their responsibility toward society and the environment.
Frequently Asked Questions
What prompted Tanate Phutrakul’s departure as CFO?
Tanate Phutrakul has decided to step down after 24 years with ING, with his last day being at the 2026 AGM, reflecting on his long and successful tenure.
How long has Tanate been with ING?
Tanate Phutrakul has been with ING for a remarkable 24 years, serving in various key roles, including his recent position as CFO.
What will happen after Tanate's departure?
ING has commenced the search for a successor to fill Tanate's role as CFO and plans to announce the new appointment in due course.
What were Tanate’s contributions to ING during his tenure?
During his time at ING, Tanate significantly impacted the bank's strategic direction, financial stability, and growth, especially during challenging economic periods.
What is ING’s focus moving forward?
ING is committed to prioritizing sustainability alongside strong financial performance, aiming to empower customers and promote responsible banking practices.
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