Attributing “the extraordinary developments over the past few months and given his personal condition,” ING reports that Michel Tilmant will step down from the Executive Board as of today. Tilmant will be an advisor to the company until his retirement from ING on August 1, 2009. ING did not elaborate on Tilmant’s condition.

The Supervisory Board has decided to appoint Jan Hommen, currently chairman of the Supervisory Board of ING Group, as CEO of ING Group, subject to his appointment as member of the Executive Board by the annual General Meeting of Shareholders (GMS). This meeting is scheduled for April 27, 2009. Until the GMS, Hommen will be closely involved in the day-to-day operations of ING and work alongside the Executive Board in anticipation of his official appointment as CEO.

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