Arthur Martinez has been named as the new chairman of the ABN AMRO Supervisory Board, replacing Aarnout Loudon who has been chairman since 1995.
Martinez is a former chairman and CEO of Sears, Roebuck & Co., Inc. and former chairman of the Board of Directors of the Federal Reserve Bank in Chicago. He served as chairman and chief executive at Sears Merchandise Group, and in 1990, he became vice chairman and member of the Board of Directors of Saks Fifth Avenue.
Martinez was elected to the Supervisory Board of ABN AMRO in 2002.