Michel Tilmant (born 21 July 1952) is a banker and the former CEO of ING Group, a globally operating banking and insurance business based in the Netherlands.
A little over a year before, on 8 November 2007, the same Tilmant had threatened in (the Dutch Financial Times (FD)) [2] to have ING headquarters moved to Brussels to enable him to pay himself and his staff higher salaries and bonuses.
On 26 January 2009 ING announced that he would give up the CEO position because of the "special developments of the previous months and his personal condition".
On 25 January 2010, one year after his sudden resignation, Tilmant refused to be questioned by the 'Commissie de Wit' the Dutch Financial Crisis Inquiry Commission on the occurrences that led to the technical bankruptcy of ING under his jurisdiction.
[3] Former Non Executive Board Member and former Labor Prime Minister of the Netherlands Wim Kok was severely criticized for his explanation on his ratification of the extravagant salary increase (584%) granted to Tilmant and his board in 2004 to stay in line with salaries paid in the Banking industry.