ING Chief Exec to Oversee Retirement Business

Rodney O. Martin, Jr., ING chief executive officer, will provide oversight responsibility for ING U.S.’s core retirement and insurance businesses, while continuing with his current direct management responsibilities as CEO. Martin, who has more than 35 years of financial services experience, assumes the duties effective immediately.

Alain Karaoglan, executive vice president, has been promoted to chief operating officer and will assume oversight responsibility for ING U.S.’s core investment management business, brand marketing, operations and information technology, in addition to continuing with his responsibilities for strategy and corporate development and investor relations. He has more than 25 years of experience in financial services.

Ewout Steenbergen, executive vice president and chief financial officer, will now assume oversight responsibility for ING U.S.’s treasury and capital management activities. He will continue to lead the finance function in the areas of actuarial, tax, controllership, financial reporting, insurance investments and procurement. Steenbergen has more than 22 years of financial services experience.

“This structure better leverages the strengths and experience of all of our leaders, and intensifies our focus on helping Americans address their retirement needs through our outstanding asset accumulation, asset protection, and asset distribution products and services,” Martin said.