Rabobank is pleased to announce the set-up of a new Chief Operating Officer (COO) role within its Managing Board. Philippe Vollot, currently the Chief Financial and Economic Crime Officer at Rabobank, is intended to be appointed as the bank’s new COO. The appointment of Philippe Vollot is subject to regulatory approval and the advice from the Works Council Rabobank.
The COO will take charge of several group-wide support functions, including Financial Economic Crime, Data Management, Business Continuity Management, Procurement & Vendor Management, Facilities, and the Transformation Office. The COO will also coordinate the optimization of all operational processes in Retail NL and Wholesale & Rural. By doing so Rabobank will enable more uniform and efficient ways of working, allow for further simplification, and improve collaboration. These efforts will strengthen the organization’s operational effectiveness and enhance the customer journey.
Stefaan Decraene, Chair of Rabobank’s managing board, said:
“By establishing the COO role, we are taking an important step to centralizing our groupwide operational expertise. I’m pleased that Philippe is willing to take on this new role within Rabobank. Not just because he is a great colleague and leader but also because his broad experience in operations and FEC will help us simplify our organisation and further strengthen our customer focus.”
Marjan Trompetter, Chair of the Supervisory Board, commented:
“This appointment reflects our commitment to operational excellence and resilience. I’m glad we can leverage the decades of experience of Philippe as COO and other executive roles, to help Rabobank further strengthen its foundation for future growth.”
Philippe Vollot, newly appointed COO, added:
“It’s an honour to take on this new role. I look forward to continuing to work with my Rabo colleagues to strengthen our operational effectiveness for the benefit of our customers. Together, we’re making Rabobank even better for our customers, members, and employees.”
The set-up of the new COO domain will be further developed in the coming months, with the ambition to be operational by early 2026. With this, Rabobank is taking the next step in simplifying the organization and strengthening customer focus across its business lines.
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