Els de Groot proposed as Chief Risk Officer Rabobank

The Supervisory Board of Rabobank intends to appoint Els de Groot as Chief Risk Officer (CRO) and member of the Managing Board of Rabobank. Els de Groot will succeed Petra van Hoeken in these roles. The appointment of Els de Groot is pending regulatory approval and a positive recommendation by the Works Council. We expect that the approval processes will be completed by the end of 2018.

Els de Groot was Chief Financial Officer (CFO) of Schiphol Group from 2012 to 2017. Before that she worked as an independent consultant and interim manager, including a role as interim Chief Financial & Risk Officer at Van Lanschot Bankiers. From 1987 to 2008 she held various management positions at ABN Amro Bank, including Executive Vice President Group Risk Management. Petra van Hoeken will continue as a member of the North America Board of Directors of Rabobank and of the Supervisory Board of DLL, Rabobank’s independent leasing business.
Ron Teerlink, chairman of the Supervisory Board of Rabobank: “Petra van Hoeken has laid a new and sound basis for the bank’s risk awareness. Drawing on decades of international experience she has brought about key improvements to our risk management and reporting system. Rabobank deeply appreciates Petra’s commitment and contributions and we are pleased that she will stay connected to the bank. As the bank moves to the next phase of its transition we are sure that Els de Groot will prove to be a dedicated Chief Risk Officer who will build on the foundations put in place under Petra’s leadership.”
 
 
Elements of this press release are considered by Rabobank as inside information relating directly or indirectly to Rabobank within the meaning of article 7 of the Market Abuse Regulation (EU Regulation 596/2014) that is made public in accordance with article 17 Market Abuse Regulation.

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