ING Group (ING), Wednesday said it named Lynne Ford as the Chief Executive Officer of ING Financial Solutions. Ford replaces Bill Lowe, who will now continue as interim Chief Executive Officer until mid-January. Lowe will then lead the marketing, sales and an expanded distribution function within the business.
The current appointment is on top of the Chief Executive Officer appointment made by the company for ING Investment Management in October this year. Gilbert Van Hassel was appointed global chief executive officer of the Investment Management company to succeed Jacques de Vaucleroy, who stepped down to pursue other interests.
Ford currently serves as executive vice president and managing director of the Retail Retirement Group at Wells Fargo. Majority of her professional life was with Wachovia, which merged with Wells Fargo in late 2008. In her recent role, Ford was responsible for the annuity and IRA products distributed across the company.
In her new role, Ford will report to Rob Leary, Chief Executive Officer of ING Insurance U.S.
ING is currently trading at $10.11, up $0.67 or 7.10%, on a volume of 6.71 million shares.
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