Peter Gloystein to Leave ING in Strategy Conflict

Holland’s ING Group announced Friday that Peter Gloystein, a member of the Executive Committee of ING Europe, has decided to leave the Group at the end of August.

The company stated that he was leaving “by mutual agreement,” due to a “difference in opinion about the future strategy.”

The bulletin thanked Gloystein, who has headed ING BHF Bank since 1999, for his valuable contribution to ING since November of that year when ING acquired the bank.

ING named Mr. Sytse Andringa, a member of the Executive Board of ING BHF-Bank and Chief Financial and Risk Officer, to succeed Gloystein. Andringa has a long-standing career in various functions at ING in the Netherlands and Belgium.