Els de Groot not available for second term as CRO

Rabobank announces today that Els de Groot, Rabobank's chief risk officer (CRO) has decided to not be available for a second term. She will complete the current term, which expires January 31, 2023.

Els de Groot joined as CRO and a member of the Managing Board on February 1, 2019 for a term of four years. With the end of this period approaching, she has informed the Supervisory Board that she will not be available for a subsequent term.

Marjan Trompetter, Chair of the Supervisory Board of Rabobank: 'The Supervisory Board is extremely grateful to Els for the way in which she, as a board member and CRO, has further professionalized Rabobank's risk management. With her craftsmanship, commitment and dedication, she has made a meaningful contribution to Rabobank.' The Supervisory Board has started the process to identify her successor.

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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