Netherlands-based Rabobank, a Dutch multinational banking and financial services company, announced that it has split its chief risk officer and chief financial officer role as the company moves to revamp its governance model.

The supervisory board has nominated Carin Gorter and Bas Brouwers as members of the executive board of Rabobank Nederland. Both nominations will be submitted for regulatory review and for advice from the Works Council. Gorter will become chief risk officer and Brouwers will take up the role of CFO. The existing role of CFO and chief risk officer is currently held by Bert Bruggink.

"Rabobank...has started a transformation process and fundamental improvements have been set in motion," said Wout Dekker, chairman of the supervisory board. "We are working on changes to our governance model and on a new Strategic Framework for the period 2016-2020. This process will be completed in December this year, but after that there will still be lots of work to be done."

Brouwers has worked at ING Group since 1998, where he held various positions in finance and control. Gorter joined Rabobank in 1994 as senior vice president derivatives operations. Her last role was senior executive vice president head of group compliance, security and legal. From 1997 to 2008, she held various roles at ABN AMRO Bank.

According to the company, further announcements will be made as soon as the required approval processes are completed.