Royal KPN N.V.
Royal KPN N.V. Press Release: KPN to appoint Dominique Leroy as Chief
Executive Officer
05-Sep-2019 / 18:05 CET/CEST
The Supervisory Board of Royal KPN N.V. ("KPN") announces its intention to
appoint Mrs. Dominique Leroy (54) as the next CEO and Chairman of the Board
of Management of KPN, with effect from
1 December 2019. She succeeds Maximo Ibarra, who as previously announced
resigned from his position effective 30 September 2019.
Mrs. Dominique Leroy will join KPN from Proximus Group (formerly Belgacom),
where she is currently CEO, a position she has successfully fulfilled since
2014. Mrs. Leroy joined Belgacom, Belgian's leading telecommunications
company, in 2011 and was from 2012 onwards a member of the management
committee with responsibility for the consumer business. Prior to joining
Proximus, she worked for 24 years at Unilever, ultimately as Managing
Director of Unilever BeLux and member of the Unilever Benelux management
committee. Mrs. Leroy has a degree in Business Engineering from the Solvay
Business School and is fluent in Dutch, French and English.
Chairman of KPN's Supervisory Board Mr. Duco Sickinghe: "We are very pleased
to appoint Mrs. Dominique Leroy as the new CEO of KPN. Dominique is a
dynamic, customer-focused and engaging leader with a wealth of experience in
the telecommunications industry. With her strong strategic, operational and
communication skills, we are convinced that Dominique will be able to
successfully execute on KPN's strategy". Mr. Sickinghe continued: "At the
end of last year KPN unveiled its 2019 - 2021 strategy, prioritising
sustainable growth in the medium term. Good progress has been made to date,
driven by our dedicated Board of Management and Executive management team,
and executed by our colleagues throughout the firm. With Dominique at the
helm, the Supervisory Board is confident that we will see further progress
in the delivery of KPN's strategy, positioning KPN for further success in
the years to come. Continuing to execute against that strategy will remain
KPN's focus."
Mrs. Dominique Leroy: "I am very excited to be nominated as the next CEO of
KPN. KPN has a high-quality reputation and an excellent leadership team. I
am looking forward to working with them and the wider KPN team to execute on
the existing strategy and help KPN to become a premier digital services and
communication provider with the customer at its heart."
Mr. Joost Farwerck will temporarily assume the position of Chairman of the
Board of Management and Executive Committee from 1 October 2019 until 1
December 2019, in addition to his existing role as COO.
The Central Works Council has expressed its support for the appointment of
Mrs. Dominique Leroy through a positive advice. Her remuneration package
will be in line with KPN's remuneration policy, with a base salary of EUR
935,000 per year and KPN's regular short and long term incentive plans.
Shareholders will be informed about the intended appointment at an
Extraordinary Meeting of Shareholders, which will be convened in due course.
Further information will be available on KPN's website [1].
A short profile of Mrs. Dominique Leroy can be found on KPN's website at
www.kpn.com/press [2]
*For more information:*
KPN Royal Dutch Telecom
Investor Relations
Wilhelminakade 123
3072 AP Rotterdam
Tel: +31 (0)70 4460986
E-mail: ir@kpn.com
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
869485 05-Sep-2019
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d53e4d4b6a7dca859e052aa18bad79d6&application_id=869485&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1c67ea1869b835abfe59628214d23230&application_id=869485&site_id=vwd&application_name=news
(END) Dow Jones Newswires
September 05, 2019 12:05 ET (16:05 GMT)
