August 01, 2008 08:30 ET

Fortis CFO, CRO and General Counsel to report to CEO

BRUSSEL, BELGIUM--(Marketwire - August 1, 2008) -

Gilbert Mittler appointed special advisor to the CEO

As from today, the Fortis Chief Financial Officer, Lars Machenil, the Chief Risk Officer, Fred Bos, and the General Counsel, Jeannine Quaetaert, will report directly to the Fortis CEO Herman Verwilst. This further strengthens the authority of these key control functions.

Gilbert Mittler, formerly at Group Executive Committee level responsible for these departments, will from now on fully devote his time to the role of special advisor to the CEO, working alongside Herman Verwilst to implement the strategic priorities for Fortis.

'Gilbert has played for over 20 years a first hand role in the growth of this company,' says Fortis CEO Herman Verwilst. 'Therefore this new assignment is a recognition of his extensive experience and commitment. I'm therefore happy that Gilbert, whom I have known for a long time, has accepted to take up this important new function.'

Fortis is an international provider of banking and insurance services to personal, business and institutional customers. We deliver a total package of financial products and services through our own high-performance channels and via intermediaries and other partners. Fortis ranks among Europe's top 20 financial institutions. We have a presence in over 50 countries and a dedicated, professional workforce of more than 65,000. All this makes us a leader in financial services in Europe, a top 3 private banker and a top tier asset manager. More information is available at

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