- Ron van Kemenade, currently chief technology officer of ING Group, N.V. ING, will step down from the Management Board Banking effective April 30, 2023.
- In June 2023, he will join Lloyds Banking Group PLC LYG as Group Chief Operating Officer, subject to regulatory approval.
- Van Kemenade will help Lloyds CEO Charlie Nunn in his plan to digitize Britain’s biggest domestic bank, Reuters reported.
- Van Kemenade will succeed interim COO David Oldfield, who will leave the bank in 2023.
- ING said the process of identifying a successor for Ron van Kemenade has started.
- Price Action: LYG shares are trading lower by 0.88% at $2.24 in premarket on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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