AMSTERDAM: Rabobank’s chief executive, Piet Moerland, said he would retire next year when he turns 65, after five years leading the Dutch co-operative bank.

“The Supervisory Board will now search for a suitable successor. Here we will proceed very carefully to consider both internal and external candidates,” said Wout Dekker, chairman of the Supervisory Board.

“Piet’s decision to step down comes at an appropriate time. He will be 65 next year,” Dekker added.

A Rabobank spokesman said in an e-mail that Moerland did not have a set term as chief executive.

(Reuters)