Negrițoiu, ING: I have no term limit

Mișu Negrițoiu, who in summer will have run ING Bank Romania for five years, says he does not have a management contract for a definite period of time of three or five years, as is the rule on the market, and that he will stay in this position as long as the Dutch are satisfied with the generated results.
After 14 years with ING, with the last five as a CEO, Negrițoiu says the job is keeping him “fit”. “There is always something new to do”.
His main task has been to build the universal bank critical mass on the rapid upsurge of retail operations.
“I am highly satisfied with the current position of ING. It is a sound, clean business, with all the business lines, with simple products and a very good awareness, double the market share”.
He says the bank has a “quite ambitious” growth plan for the next five years in Romania, which is set to be delayed, though, by the prolonged recession.
In Negrițoiu’s opinion, the major achievement of recent years has been growth on the retail segment, which has come to match the corporate unit in terms of revenues.