Jeroen Veer - ING Groep Chairman of the Supervisory Board

Chairman

Mr. Jeroen Van der Veer was Independent Chairman of the Supervisory Board of ING Groep N.V. since May 9, 2011. Previously, he served as Vice Chairman of the Supervisory Board of the Company from October 1, 2009. He was Member of Supervisory Board since July 1, 2009. He is Chairman of the Nomination and Corporationrationrate Governance Committee and Member of the Risk Committee and the Remuneration Committee since 2011.
Age 70
Tenure 13 years
Phone31 20 563 9111
Webhttp://www.ing.com
van der Veer was appointed Chief Executive of Royal Dutch/Shell in March 2004 and held this position till the end of June 2009. He joined Shell in 1971 and held a number of senior management positions around the world before he was appointed as group Managing Director in 1997. Until May 2013 he has served as NonExecutive Director of Royal Dutch Shell plc. He acts as Chairman of the Supervisory Board of ING Groep N.V./ING Bank N.V.; Chairman of the Supervisory Board of Koninklijke Philips N.V.; Member of the Supervisory Board of Koninklijke Boskalis Westminster N.V. and Member of the Supervisory Board of Statoil ASA; Chairman of Stichting Het Concertgebouw Fonds and Chairman of the Supervisory Council of the Delft University of Technology, and senior advisor at Mazarine Energy B.V.

ING Groep Management Efficiency

The company has Return on Asset of 0.57 % which means that on every $100 spent on assets, it made $0.57 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 9.93 %, implying that it generated $9.93 on every 100 dollars invested. ING Groep's management efficiency ratios could be used to measure how well ING Groep manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 148.85 B in debt with debt to equity (D/E) ratio of 3.09, meaning that the company heavily relies on borrowing funds for operations. ING Groep NV has a current ratio of 1.18, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist ING Groep until it has trouble settling it off, either with new capital or with free cash flow. So, ING Groep's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ING Groep NV sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ING to invest in growth at high rates of return. When we think about ING Groep's use of debt, we should always consider it together with cash and equity.

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ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. ING Groep N.V. was founded in 1991 and is headquartered in Amsterdam, the Netherlands. ING Groep operates under Banks - Global classification in USA and is traded on New York Stock Exchange. It employs 51752 people. ING Groep NV (ISG) is traded on New York Stock Exchange in USA and employs 51,752 people.

Management Performance

ING Groep NV Leadership Team

Elected by the shareholders, the ING Groep's board of directors comprises two types of representatives: ING Groep inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ING. The board's role is to monitor ING Groep's management team and ensure that shareholders' interests are well served. ING Groep's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ING Groep's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cindy EldertKlep, Company Secretary
Hermann Lamberti, Member of the Supervisory Board
Henk Breukink, Member of the Supervisory Board
Margarete Haase, Independent Member of the Supervisory Board
Ann Sherry, Member of the Supervisory Board
Roland Boekhout, Member Management Board Banking, Head of Market Leaders
Fernandez Niemann, Member of the Management Board, Head of Wholesale Banking
Robert Reibestein, Independent Member of the Supervisory Board
Isabel Castella, Member of the Supervisory Board
Aris Bogdaneris, Member of the Management Board Banking, Head of Challengers & Growth Markets
Steven Rijswijk, Chief Risk Officer, Member of the Management Board Banking, Member of the Executive Board
Wilfred Nagel, Member of the Management Board, Chief Risk Officer
Joost Kuiper, Member of the Supervisory Board
HermannJosef Lamberti, Independent Vice Chairman of the Supervisory Board
Hans Wijers, Independent Chairman of the Supervisory Board
Jeroen Veer, Chairman of the Supervisory Board
Ralph Hamers, Chairman of Executive Board, CEO, Chair of the Management Board Banking and CEO of Management Board Insurance Eurasia
Pinar Abay, Member of the Management Board Banking and Head of Market Leaders
Jan Balkenende, Independent Member of the Supervisory Board
Malcolm Brown, Head of Investor Relations
Mike Rees, Independent Member of the Supervisory Board
Mark Milders, Head of Investor Relations
William Connelly, Member of the Management Board Banking, Head of Wholesale Banking
Carin Gorter, Member of the Supervisory Board
Eric Giroday, Member of the Supervisory Board
Patrick Flynn, CFO and Member of Executive Board
Mariana Gheorghe, Independent Member of the Supervisory Board
Koos Timmermans, Vice Chairman of the Management Board Banking
Isabel Niemann, Member of the Management Board Banking, Head of Wholesale Banking
Tanate Phutrakul, Chief Financial Officer, Member of the Management Board Banking
Roel Louwhoff, Chief Operations Officer, Chief Transformation Officer, Member of the Management Board Banking
Hendrica Verhagen, Independent Member of the Supervisory Board

ING Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ING Groep a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in ING Stock

If you are still planning to invest in ING Groep NV check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ING Groep's history and understand the potential risks before investing.
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