DLL intends to appoint Carlo van Kemenade CEO and chairman of the executive board, subject to final approval of applicable regulatory authorities. Van Kemenade will succeed William F. Stephenson, who announced his retirement from DLL earlier this year.

Van Kemenade has spent the past four years as CEO and chairman of the board for Obvion, a mortgage provider in the Netherlands and a wholly-owned subsidiary of Rabobank.

The intended appointment of van Kemenade will mark his return to DLL, a company that he joined in 1990 and with which he spent more than 25 years. During that time, he progressed through the ranks and built leadership experience in operations, risk, IT, sales and general management, including assignments in several European countries and the United States. In 2013, he was appointed chief operating officer and a member of the executive board of DLL and was responsible for operations and IT activities across DLL’s entire global network.

“My return to DLL represents a very special personal and professional homecoming,” van Kemenade said. “I look forward to reconnecting with the many talented members of the leadership team and the wider global workforce, as well as the company’s network of valued partners and customers. DLL is well positioned for the future, with a solid business model and new innovations on tap that will continue to deliver value for years to come.”

“We are very fortunate to be able to propose the appointment of a candidate who already possesses a solid understanding of DLL’s business and customers and, perhaps even more importantly, is strongly aligned with the very special culture and values that we have developed as an organization,” Stephenson said.

“Carlo is a dynamic and transformative leader. His selection is a clear validation of the talent that is available within the wider Rabobank Group, and it is great to see this continued exchange of people and knowledge between companies,” Berry Marttin, managing board member of Rabobank and chairman of the DLL supervisory board, said.