ABN Amro (AMS.ABN) has opted to pursue new leadership today, installing Kees van Dijkhuizen as its newest Chief Executive Officer (CEO), who will be succeeding Gerrit Zalm, according to a recent Reuters report.
Mr. Van Dijkhuizen is hardly a new face at ABN Amro, one of the largest banks and investment firms in Europe. He has been it acting Chief Finance Officer (CFO) for over three years, since stepping into the role back in 2013. During this time he helped steer the Dutch lender through its privatization in the form of an initial public offering (IPO) of shares last year.
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Unlike other lenders, ABN Amro has been stable, namely in regards to its share prices at a time when other European banks have been aggressively cutting costs and winnowing their workforce by the thousands.
By extension, Mr. Zalm, the former Dutch finance minister has been with ABN since 2009 after its initial nationalization. He previously announced back in September 2016 that he would be relinquishing the role – only recently did the bank pursue Mr. Van Dijkhuizen as a successor.
Mr. Van Dijkhuizen’s appointment is pending regulatory approval and is slated to be tendered by February 2017.