KBC Group announced that, with effect from 5 May 2017, company is making a number of changes to its executive committee: Luc Gijsens, International Markets Business Unit CEO, who is turning 64 in 2017, has announced his intention to resign after a career of 40 years. Luc Popelier, currently KBC Group CFO, will replace Luc Gijsens as CEO of the International Markets Business Unit. Rik Scheerlinck, presently CEO of K&H Bank and Country CEO, Hungary, will become a member of the Executive Committee and will succeed Luc Popelier as KBC Group CFO.

Erik Luts, appointed Chief Innovation Manager in 2016, will become the seventh member of the Executive Committee in the new position of Chief Innovation Officer. Besides managing KBC Group's innovation and digitalization agenda, he will also head up ICT and the Shared Services Unit. Rik Scheerlinck will be replaced as CEO of K&H Bank and Country CEO, Hungary, by David Moucheron, the current CEO of CBC Banque in Belgium, subject to the approval of the Hungarian regulator.

The appointments of Luc Popelier, Rik Scheerlinck and Erik Luts have been approved by the European Central Bank and National Bank of Belgium. The successor to David Moucheron at CBC Banque will be announced at a later date. In the interim, David will be replaced by Jean-Pierre Jansen, Executive Director and Member of the Executive Committee of CBC Banque.