BAY’s board of directors, at the Nov 28 meeting, also resolved to appoint Philip Tan Chen Chong, head of consumer finance and E-Business Group, as the bank’s president. He would also replace Arnold as the bank’s director and executive director.
Upon approval from the Bank of Thailand, the appointments should be effective on January 1, 2013, the bank said in a filing to the Stock Exchange of Thailand.
Arnold announced his resignation on Monday hold all the titles.He has expressed a desire to return to Europe to pursue other opportunities outside of the bank and GE.
"We are very excited to have Janice Van Ekeren and Philip Tan leading the bank. Among many internally qualified top executives, the elected professionals have solid management experience and deep technical strength that are essential to the bank's strategy to grow with prudence during the period of global uncertainty, and to continue to innovate our financial services and products which the bank is presently the leader in the retail market", said Veraphan Teepsuwan, the bank’s chairman.
Van Ekeren joined GE Capital in 1995 and has held roles of increasing financial responsibility in the areas of commercial lending, consumer banking, regulatory compliance and strategic acquisitions in Europe, Asia and the United States.
In January 2007, she joined BAY as Chief Financial Officer and Executive Director. In her role as Chief Financial Officer, Van Ekeren has led the development of integrated financial reporting across the Bank's products, channels and subsidiaries; increased transparency in investor reporting and expanded corporate governance resulting in a strong, sustainable franchise in the country's 5th largest bank.
She holds an MBA in Finance from University of Chicago and Bsc in Industrial Administration from Iowa State University. She is a Certified Public Accountant from the American Institute of Certified Public Accountant.
Tan joined GE Capital Thailand in 1993 and then relocated to GE Capital in the United States before returning to Thailand as the Chief Marketing & Sales Officer for GE Money Thailand in 2007. He was subsequently appointed CEO for GE Money Thailand. In 2010, Tan assumed the role of Head of Consumer Finance for the Bank, overseeing and leading the credit cards, personal loans and auto financing businesses. During that period, he integrated newly acquired businesses, consolidated operations & IT infrastructure, and helped leverage the Bank's distribution capabilities for its broad range of consumer products.