Kris Wulteputte to join KAS BANK’s Managing Board

The Supervisory Board of KAS BANK intends to appoint Mr K.H.J. (Kris) Wulteputte as member of the Managing Board and Chief Financial and Risk Officer (CFRO) of KAS BANK N.V. as of 1 October 2013; this appointment will be for a period of four years. In the Managing Board, Kris Wulteputte will succeed Mr R.J. (Rolf) Kooijman, who is to leave KAS BANK on 31 December 2013. As of 1 October 2013, the Managing Board will consist of Albert Röell (chairman), Sikko van Katwijk and Kris Wulteputte.

Since 2009, Kris Wulteputte (1967) has worked for KAS BANK as Chief Risk Officer; in this position he has been responsible for the bank’s risk policy. From 2006 to 2009, he was affiliated to DEPFA Bank plc., where he set up the Pension Finance Group. Prior to that, he held various managerial positions at SNS Reaal. From 1997 to 1999, he was employed by JPMorgan in London and New York where, amongst other things, he was one of the founding partners in the establishment of the RiskMetrics Group. Kris Wulteputte has the Belgian nationality; he studied electrical engineering at the University of Gent and Digital Systems Engineering at UMIST (University of Manchester Institute of Science and Technology).

Having held the position of KAS BANK’s Chief Financial Officer for five years, Rolf Kooijman has announced that he wishes to terminate his employment contract with KAS BANK as of 31 December 2013. Rolf Kooijman plans to take a sabbatical in order to pursue further academic studies; he will not receive any form of severance pay.

Albert Röell, chairman of the Managing Board: "We are delighted with the appointment of Kris Wulteputte. Over the last few years, Kris has demonstrated an excellent knowledge of the bank, both in its breadth and depth. Moreover, due to his experience and professional expertise, he has been very involved in the challenges currently facing our institution and sector which is good news for all our stakeholders. With his broad and international experience in finance and risk management, he is ideally placed to make an excellent contribution to the bank’s further development. The last few years Rolf Kooijman has made an important contribution to strengthening the bank’s risk governance and has also taken important steps in the field of finance and balance sheet management. We are very grateful to Rolf for all he achieved.”

The proposed appointment has already been approved by De Nederlandsche Bank and KAS BANK’s Works Council. KAS BANK’s shareholders will be formally notified of the appointment during an Extraordinary General Meeting of Shareholders to be held on 11 September 2013.