AMSTERDAM (Reuters) – ABN Amro Chief Executive Robert Swaak will step down in the first half of 2025, three years before the end of his term, the Dutch bank said on Thursday.
Robert Swaak, 64, was appointed to the post in 2020 and was given a second four-year term this year. He will remain in office until a successor is chosen.
Robert Swaak said the decision gives the bank’s board time to find a successor for what he called a “new strategic period.”
“When I was asked last year to serve a second term as CEO, I considered the possibility of handing over to a successor at an appropriate time before the end of the term,” he said in a statement.
The process of finding a successor has been launched, the group added.
ABN, which is largely state-owned, is one of the three dominant banks in the Netherlands.
Since its bailout by the Dutch state in 2008, it has refocused its operations and focus on the local market, cutting thousands of jobs.
(Reporting Bart Meijer; Diana Mandiá, editing by Kate Entringer)
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