Rabobank in business

29-4-2008 | Press Release

As announced previously, Hans ten Cate will retire as of 1 July 2008. Consequently the Executive Board and the Supervisory Board have been faced with the question of his succession.

This matter has been given very careful consideration. It has been decided at this moment to reallocate the portfolios. 

Given that Bert Heemskerk has extensive experience in international banking  ─  he has worked in countries including Japan, Dubai, England and Germany and through working visits has acquired first-hand knowledge of all regions in which Rabobank International operates  ─  it was decided that he will chair the Managing Board of Rabobank International (MBRI) as of 1 July. 

Changes in responsibilities for the other members of the Executive Board are relatively limited. Bert Bruggink will have special asset management (BBR) added to his portfolio of responsibilities. Piet Moerland has always had great affinity and involvement with CSR issues and will now be directly responsible for this area. 

Sipko Schat will retain his current responsibilities within the MBRI and continue as Vice Chairman, while adding the supervisory directorship of YES Bank. There are no changes to the portfolio of Piet van Schijndel.

After retirement, Hans ten Cate will continue as Supervisory Director of Robeco (Vice Chairman), Rabo Bouwfonds (Chairman) and Rabobank Australia.