Mark Stoffels to join KAS BANK’s Managing Board

The Supervisory Board of KAS BANK N.V. intends to appoint Mr. M.R. (Mark) Stoffels RA (1972) as member of the Managing Board and Chief Financial and Risk Officer (CFRO) of KAS BANK with effect from February 1st, 2016.

Mark Stoffels has been working at KAS BANK for 17 years and is a member of the Management Committee of the bank. In his current position as Managing Director of Finance & Control he is responsible for the strategic and tactical reports and advice on the financial position of the bank. Previously, Mr. Stoffels was responsible for Investment Management Services. He started his career at KAS BANK within the Internal Audit department. In addition to his role in the bank, Mr. Stoffels is chairman of the KAS BANK Pension Fund.

Peter Borgdorff, Chairman of the Supervisory Board says "We are very pleased with the proposed appointment of Mark Stoffels. Mark has a vast knowledge of the bank and extensive experience in finance and investment administration. His appointment will further consolidate the bank’s position in the area of finance and risk. With the appointment of Mark the Managing Board is at full strength again.”

The appointment has been approved by the Dutch supervisory authority. The Workers Council (‘Ondernemingsraad’) of KAS BANK has advised positively on the appointment. Notice to shareholders will be held at an Extraordinary General Meeting of Shareholders of KAS BANK on January 29th, 2016. The appointment is for a period of four years. Mr. Stoffels has Dutch nationality and holds no KAS BANK shares.

The Dutch supervisory authority has also approved the appointment of Mr. S.A.J. (Sikko) van Katwijk as chairman of KAS BANK’s Managing Board. His proposed appointment was announced earlier this year in our press release of 9th September, 2015.


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